Judge Tosses Investor Suit Over $3B Atheros-Qualcomm Merger

Law360, New York (May 30, 2012, 3:16 PM EDT) -- A California federal judge on Tuesday agreed to nix a class action against Qualcomm Inc. and Atheros Communications Inc., ruling that investors hadn't proved there was any real loss from information not disclosed to shareholders when the telecommunications companies merged in 2011.

U.S. District Judge Lucy Koh sided with Qualcomm and Atheros, dismissing the complaint on grounds that investors failed to make a defensible claim in alleging shareholders' rights were violated by the omission. The companies made a motion seeking dismissal at the beginning of March....
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Krieger v. Atheros Communications, Inc. et al


Case Number

5:11-cv-00640

Court

California Northern

Nature of Suit

Securities/Commodities

Judge

Lucy H. Koh

Date Filed

February 9, 2011

Law Firms

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.