October 8, 2020 - The case was dismissed with prejudice.

June 25, 2020 - A motion to dismiss the second amended consolidated complaint was filed.

May 11, 2020 - A second amended consolidated complaint was filed.

March 10, 2020 - The court granted in part and denied in part the defendants' motion to dismiss. The plaintiffs were given leave to amend the complaint.

May 10, 2019 - A motion to dismiss the consolidated amended complaint was filed.

March 18, 2019 - A consolidated amended complaint was filed.

June 8, 2018 - An investor in shares of QUALCOMM Incorporated (NASDAQ: QCOM) filed a lawsuit in the U.S. District Court for the Southern District of California over alleged violations of Federal Securities Laws by QUALCOMM Incorporated in connection with certain allegedly false and misleading statements made between January 31, 2018 and March 12, 2018.

According to the complaint the plaintiff alleges on behalf of purchasers of QUALCOMM Incorporated (NASDAQ: QCOM) common shares between January 31, 2018 and March 12, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between January 31, 2018 and March 12, 2018, the defendants made materially false and misleading statements and failed to disclose to investors that QUALCOMM Incorporated had secretly filed a unilateral notice with CFIUS in order to frustrate Broadcom's attempt to acquire the Company.

Beginning in late 2017, Broadcom announced a series of unsolicited proposals to acquire all of the outstanding shares of QUALCOMM Incorporated's common stock. The Committee on Foreign Investment in the United States ( CFIUS ) is an inter-agency committee authorized to review transactions that could result in control of a U.S. business by a foreign person ('covered transactions'), in order to determine the effect of such transactions on the national security of the United States.

The plaintiff claims that unbeknownst and undisclosed to investors, on January 29, 2018, QUALCOMM Incorporated secretly filed a voluntary request for CFIUS to initiate an investigation into Broadcom's actions in a brazen attempt to frustrate Broadcom's attempt to acquire the Company.

Once the Company'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 Incorporated's secret action vis-à-vis CFIUS, and the ramifications therefrom, the price of the Company's common stock declined substantially.