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Qualcomm must face FTC lawsuit

Published 06/27/2017, 03:40 AM
Updated 06/27/2017, 03:40 AM
© Reuters.  Qualcomm must face FTC lawsuit
  • U.S. District Judge Lucy Koh has denied Qualcomm (NASDAQ:QCOM) a motion to dismiss an FTC lawsuit arguing that the chip supplier used its position in the market to compete unfairly.
  • The ruling is a setback in Qualcomm's broad legal battle over its business practices, including a separate suit filed by Apple (NASDAQ:AAPL) that made legal arguments similar to the U.S. government.
  • Now read: Qualcomm Is Racing Ahead. Its Stock Is Dead In The Water. What Gives?


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