Shareholders Sue Qualcomm Over Antitrust Violations

Law360, New York (April 18, 2008, 12:00 AM EDT) -- A year after wireless technology company Broadcom Corp. initiated antitrust litigation against rival Qualcomm Inc., Qualcomm's own shareholders have now filed a proposed class action alleging that the company engaged in anti-competitive behavior in the market for certain cell phone chipsets.

In a case filed on April 10 in the U.S. District Court for the Southern District of California, plaintiffs claimed that Qualcomm “by its intentional deception of private standards-determining organizations has monopolized certain markets for cellular telephone technology and components.”

The proposed class action alleges...
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.