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.
Contact:
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Hynes Keller &
Hernandez, LLC
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Hynes Keller &
Hernandez, LLC
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Michael J. Hynes,
Esq.
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Beth A. Keller,
Esq.
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101 Lindenwood Drive,
Suite 225
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118 North Bedford
Road, Suite 100
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Malvern, PA
19355
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Mount Kisco, NY
10549
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Telephone: (484)
875-3116
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Telephone: (914)
752-3040
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Email:
mhynes@hkh-lawfirm.com
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Email:
bkeller@hkh-lawfirm.com
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SOURCE Hynes Keller & Hernandez, LLC