NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of QUALCOMM Incorporated (“Qualcomm” or “the Company”) (NASDAQGS: QCOM) concerning possible violations of federal securities laws.
In 2017, Broadcom Limited began making a series of unsolicited proposals to acquire all outstanding Qualcomm shares. Then on March 5, 2018, Broadcom announced that Qualcomm had filed a voluntary request for The Committee on Foreign Investment in the United States to initiate an investigation into Broadcom’s actions. Broadcom referred to this as a “blatant, desperate act by Qualcomm to entrench its incumbent board of directors and prevent its own stockholders from voting for Broadcom’s independent director nominees.” To obtain additional information, go to:
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Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.