4 Qualcomm Execs Escape Investor Suit Over Faulty Chip

Law360, Los Angeles (October 20, 2017, 11:04 PM EDT) -- Four Qualcomm Inc. executives escaped allegations they rushed a defective mobile chip to market after a California federal judge on Friday trimmed investors’ class action lawsuit, ruling they failed to prove the tech giant’s top brass lied about the chip in a way that cost shareholders money.

U.S. District Judge Michael M. Anello denied Qualcomm’s bid to dismiss claims against CEO Steve Mollenkopf or the company itself, writing that the class of investors led by the Public Employees’ Retirement System of Mississippi, or PERSM, sufficiently pled...
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Case Information

Case Title

3226701 Canada, Inc. v. Qualcomm, Inc. et al


Case Number

3:15-cv-02678

Court

California Southern

Nature of Suit

Securities/Commodities

Judge

Michael M. Anello

Date Filed

November 30, 2015

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