Hynes Keller & Hernandez, LLC Announces Investigation of QUALCOMM Incorporated - QCOM
NEW YORK, July 12, 2018 /PRNewswire/ -- Hynes Keller & Hernandez, LLC encourages investors who suffered losses exceeding $100,000 in QUALCOMM Incorporated (NASDAQ: QCOM) ("QUALCOMM" or the "Company") to contact the Firm.
A shareholder class action complaint has been filed against QUALCOMM on behalf of investors who purchased the Company's common stock between January 31, 2018 and March 12, 2018, inclusive (the "Class Period").
Beginning in late 2017, Broadcom Limited ("Broadcom") announced a series of unsolicited proposals to acquire the outstanding shares of QUALCOMM's common stock. Unbeknownst and undisclosed to investors, on January 29, 2018, QUALCOMM secretly filed a voluntary request for the Committee on Foreign Investment in the United States ("CFIUS") to initiate an investigation into Broadcom's actions in a brazen attempt to frustrate Broadcom's attempt to acquire the Company.
Once QUALCOMM's unilateral secret action was revealed to the market on March 5, 2018, and as the market continued to learn additional information about the nature and extent of QUALCOMM's secret action vis-à-vis CFIUS, the price of QUALCOMM's common stock substantially declined in value.
The complaint alleges that QUALCOMM made a series of materially false and misleading statements and investors purchased QUALCOMM's securities at artificially inflated prices during the Class Period and sustained investment losses once QUALCOMM's actions were revealed.
Click here for more information about our investigation of QCOM: https://www.hkh-lawfirm.com/investigations-cases/qualcomm-incorporated-qcom/
Hynes Keller & Hernandez, LLC is a shareholder rights law firm that represents institutional and individual investors. The firm is focused on providing exemplary legal services in the area of shareholder litigation. The firm has an experienced litigation team which has achieved significant victories on behalf of the firm's clients. You can visit our website at www.hkh-lawfirm.com for more information. Attorney advertising. Prior results do not guarantee similar outcomes.
If you invested in QCOM stock or options between January 31, 2018 and March 12, 2018 and would like to obtain additional information about your legal rights and protect your investment, please visit our website or contact the attorneys below. There is no cost or obligation to you.
SOURCE Hynes Keller & Hernandez, LLC
Company Codes: NASDAQ-NMS:QCOM
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