INVESTOR ALERT: Brower Piven Encourages Shareholders Who Have Losses in Excess of $100,000 from Investment in QUALCOMM
Incorporated to Contact Brower Piven before the Lead Plaintiff Deadline in Class Action Lawsuit
The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been
commenced in the United States District Court for the Southern District of California on behalf of purchasers of QUALCOMM
Incorporated (Nasdaq: QCOM) (“QUALCOMM” or the “Company”) securities during the period between January 31, 2018 and March 12,
2018, inclusive (the “Class Period”). Investors who wish to become proactively involved in the litigation have until August 7, 2018
to seek appointment as lead plaintiff.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by
the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a
settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from
investment in QUALCOMM securities during the Class Period. Members of the class will be represented by the lead plaintiff and
counsel chosen by the lead plaintiff. No class has yet been certified in the above action.
The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants’ failure
to disclose during the Class Period that QUALCOMM secretly filed a voluntary request for the Committee on Foreign Investment in the
United States (“CFIUS”) to initiate an investigation into Broadcom Limited’s (“Broadcom”) actions to frustrate Broadcom’s attempt
to acquire the Company.
According to the complaint, following a March 5, 2018 press release disclosing the secret actions with respect to CFIUS, a March
6, 2018 report disclosing a letter from the U.S. Department of Treasury (“Department of Treasury”) and a Modification of Interim
Order from CFIUS, a March 12, 2018 report of another letter from the Department of Treasury and President Donald J. Trump’s order
blocking Broadcom from taking further action regarding the acquisition of the Company, the value of QUALCOMM shares declined
significantly.
If you have suffered a loss in excess of $100,000 from investment in QUALCOMM securities purchased on or after January 31, 2018
and held through the revelation of negative information during and/or at the end of the Class Period and would like to learn more
about this lawsuit and your ability to participate as a lead plaintiff, without cost or obligation to you, please contact Brower
Piven either by email at hoffman@browerpiven.com or by telephone at
(410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s. If you choose to retain counsel, you may retain Brower Piven without
financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a
member of the class.
Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com
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