Qualcomm Agrees to $75M Settlement Over Licensing Practices

Qualcomm Reaches $75 Million Settlement Over Sales Practices

Qualcomm has agreed to pay $75 million to settle a lawsuit with shareholders. The shareholders claimed that Qualcomm misled them by hiding its unfair sales and licensing practices. The settlement is all in cash and was filed on Tuesday in a federal court in San Diego. It still needs approval from U.S. District Judge Jinsook Ohta, who allowed the lawsuit to proceed as a class action in March 2023.