Qualcomm will pay $75 million to settle a lawsuit from shareholders accusing the company of misleading them about its business practices, inflating stock prices. Shareholders criticized Qualcomm for its failure to fully disclose its patent licensing practices, including tying negotiations for essential patents to buying its chips.
While Apple and regulators globally failed in lawsuits against Qualcomm for similar practices, shareholders successfully pushed for a settlement. Qualcomm's victories in previous legal battles led to a rise in stock prices, undermining shareholder claims of artificially inflated shares, making this settlement a rare win for them.
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