Qualcomm Wants Investor Suit Over Broadcom Deal Nixed

Law360 (June 26, 2020, 6:51 PM EDT) -- Qualcomm Inc. asked a California federal judge Thursday to dismiss a proposed class action that claims the company misled investors about a possible takeover, calling shareholders' arguments a "distraction" that doesn't make the case that the company lied to or misled them.

The San Diego-based telecommunications company said while it didn't tell shareholders it had contacted the Committee on Foreign Investment in the United States about a possible hostile takeover by Singapore-based chipmaker Broadcom, silence itself isn't misleading.

The company only has a "duty to speak" when it makes a misleading statement and needs to correct it, according to Thursday's motion...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!