Former Qualcomm Unit Fraud Case To Proceed

Law360, New York (November 20, 2007, 12:00 AM EST) -- The Supreme Court of Mississippi has denied a bid brought by Qualcomm Inc. and the current and former executives of one of the telecommunications giant’s previously shuttered units to have a securities fraud class action against the group dismissed.

On Thursday, the Mississippi high court rejected the plea of the so-called Leap Wireless defendants to overturn a circuit court decision, affirming the lower court’s earlier ruling to deny motions to dismiss and to compel arbitration.

“Finding that the trial court did not err in denying the...
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