Qualcomm Promises To Reveal Election Spending To Investors

Law360, Wilmington (February 22, 2013, 3:55 PM EST) -- Qualcomm Inc. said Friday that it would adopt a new political spending policy with more transparency, ending a lawsuit by New York's comptroller that aimed to force the mobile technology giant to turn over its campaign spending records to investors.

New York State Comptroller Thomas P. DiNapoli — who sued on behalf of a state retirement fund with a large stake in the Qualcomm — agreed to back off the suit, filed in Delaware Chancery Court, after negotiating with the company to enact a new policy...
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