This official website is maintained by the Administrator under the supervision of Class Counsel in the action titled
In re Qualcomm Incorporated Securities Litigation,
Case No. 3:17-cv-00121-JO-MSB, pending in the United States District Court Southern District of California.
The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Proposed Settlement and Plan of Allocation; (II) Settlement Hearing; and
(III) Motion for Attorneys’ Fees and Litigation Expenses (“Settlement Notice”), which you can access by clicking here. Since this website is
just a summary, you should review the Notice for additional details.
Please also be advised that the Court-appointed Lead Plaintiffs, Sjunde AP-Fonden and Metzler Asset Management GmbH (“Lead Plaintiffs”), on behalf of themselves and the Class, have reached a proposed settlement of the Action for $75,000,000 in cash that, if approved, will resolve all claims in the Action (the “Settlement”).
If you are a member of the Class, you may be eligible for a payment from the Settlement. The Class consists of:
Certain persons and entities are excluded from the Class by definition (see paragraph 24 of the Settlement Notice) or if they previously requested exclusion from the Class in connection with the mailing of the Class Notice. A list of the persons and entities who requested exclusion is available under the “List of Opt-Outs” tab above.
Please read the Settlement Notice carefully to fully understand your rights and options.
If you are a member of the Class, in order to be potentially eligible to receive a payment from the Settlement, you must submit a Claim Form (with the required supporting documentation) postmarked (if mailed), or online via this website, no later than November 8, 2024.
Payments to eligible claimants will be made only if the Court approves the Settlement and a plan of allocation, and only after any appeals are resolved and the processing of all claims is complete. Please be patient, as this process will take some time to complete.
If you have questions, you may call the Qualcomm Securities Settlement Helpline at 877 390-3401 or email info@QualcommSecuritiesLitigation.com.
Please also be advised that the Court-appointed Lead Plaintiffs, Sjunde AP-Fonden and Metzler Asset Management GmbH (“Lead Plaintiffs”), on behalf of themselves and the Class, have reached a proposed settlement of the Action for $75,000,000 in cash that, if approved, will resolve all claims in the Action (the “Settlement”).
If you are a member of the Class, you may be eligible for a payment from the Settlement. The Class consists of:
all persons or entities who purchased or otherwise acquired the common stock of Qualcomm Inc. (“Qualcomm”) from February 1, 2012 through January 20, 2017, inclusive
(the “Class Period”), and who were damaged thereby.
Certain persons and entities are excluded from the Class by definition (see paragraph 24 of the Settlement Notice) or if they previously requested exclusion from the Class in connection with the mailing of the Class Notice. A list of the persons and entities who requested exclusion is available under the “List of Opt-Outs” tab above.
Please read the Settlement Notice carefully to fully understand your rights and options.
If you are a member of the Class, in order to be potentially eligible to receive a payment from the Settlement, you must submit a Claim Form (with the required supporting documentation) postmarked (if mailed), or online via this website, no later than November 8, 2024.
Payments to eligible claimants will be made only if the Court approves the Settlement and a plan of allocation, and only after any appeals are resolved and the processing of all claims is complete. Please be patient, as this process will take some time to complete.
If you have questions, you may call the Qualcomm Securities Settlement Helpline at 877 390-3401 or email info@QualcommSecuritiesLitigation.com.
| YOUR LEGAL RIGHTS AND OPTIONS IN THE SETTLEMENT | |
|---|---|
| SUBMIT A CLAIM FORM POSTMARKED (IF MAILED), OR ONLINE, NO LATER THAN NOVEMBER 8, 2024. | This is the only way to be potentially eligible to receive a payment from the Settlement Fund. If you are a Class Member, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiffs’ Claims (defined in paragraph 35 of the Settlement Notice) that you have against Defendants and the other Defendants’ Releasees (defined in paragraph 36 of the Settlement Notice), so it is in your interest to submit a Claim Form. |
| OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN SEPTEMBER 6, 2024. | If you do not like the proposed Settlement, the proposed Plan of Allocation, and/or the requested attorneys’ fees and Litigation Expenses, you may object by writing to the Court and explaining why you do not like them. You cannot object unless you are a Class Member. |
| GO TO A HEARING ON SEPTEMBER 27, 2024 AT 9:00 A.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN SEPTEMBER 6, 2024. | Filing a written objection and notice of intention to appear by September 6, 2024 allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and Litigation Expenses. If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection. |
| DO NOTHING | If you are a member of the Class and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund. You will, however, remain a member of the Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action. |