Qualcomm—Settled securities fraud lawsuit for $75M over hidden anticompetitive practices
Qualcomm agreed to pay $75 million in 2024 to settle shareholder lawsuit alleging the company defrauded investors by hiding its anticompetitive sales and licensing practices from February 2012 to January 2017. Shareholders accused Qualcomm of artificially inflating share price by describing chip sales and licensing as separate when it bundled them to stifle competition. Former CEOs Paul Jacobs and Steven Mollenkopf were named defendants but denied wrongdoing.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Antitrust & Competition | -against | secondary | -0.50 |
| Corporate Governance | -against | primary | -1.00 |
| Overall incident score = | -0.322 | ||
Score = avg(topic contributions) × significance (medium ×1) × confidence (0.57)× agency (reactive ×0.75)
Evidence (1 signal)
Yahoo Finance reported $75M settlement over anticompetitive practices concealment
Yahoo Finance reported Qualcomm agreed to pay $75 million to resolve shareholder lawsuit accusing the company of defrauding investors by hiding anticompetitive bundling of chip sales and licensing practices. Former CEOs Paul Jacobs and Steven Mollenkopf named as defendants.