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Qualcomm To Pay $1.8 Million Fine For Gun Jumping

Law360 (April 13, 2006, 12:00 AM EDT) -- After jumping the gun in an early takeover of Flarion Technologies, Qualcomm Inc. has agreed to pay a $1.8 million penalty to the U.S. Department of Justice for violating antitrust rules.

San Diego, Calif.-based cell phone chip manufacturer Qualcomm was supposed to honor a waiting period after the merger was finalized in January. The purpose of the waiting period is to allow federal regulators time to investigate possible antitrust implications of the merger.

Instead of waiting until mid-February, the date originally set by regulators, Qualcomm obtained...
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