NEW YORK, Feb. 16, 2017 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against QUALCOMM Incorporated (“Qualcomm” or the “Company”) (NASDAQ:QCOM) and certain of its officers, on behalf of shareholders who purchased Qualcomm securities between February 1, 2012, and January 17, 2017, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: http://www.bgandg.com/qcom.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. 

The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and failed to disclose that (1) Qualcomm was engaging and/or had been involved in anticompetitive conduct to preserve a monopoly for semiconductors used in mobile phones in violation of the FTC Act; (2) as a result, Qualcomm lacked effective internal controls over financial reporting; and (3) consequently, Defendants’ public statements were materially false and misleading at all relevant times.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: http://www.bgandg.com/qcom or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Qualcomm you have until March 24, 2017 to request that the Court appoint you as lead plaintiff.  Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.  Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz 
212-697-6484 | info@bgandg.com