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...
To view the full article, register now.

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.