Qualcomm Execs Dodge Derivatives Suit Over Bonus Pay

Law360, Los Angeles (March 26, 2014, 7:15 PM EDT) -- A Delaware federal judge on Wednesday killed a derivatives suit accusing Qualcomm Inc. executives of using an allegedly misleading proxy statement to coerce shareholders into approving stock bonuses so the company could reap tax benefits, ruling the shareholders had a choice with the vote.

Granting the individual defendants' motion for summary judgment, U.S. District Judge Richard G. Andrews determined that they didn't falsely lead the shareholders into thinking that the bonuses would be paid regardless of whether they voted to amend the company's 2006 long-term incentive...
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