Apple sued, the FTC sued, but only shareholders got Qualcomm to pay.
Qualcomm’s shareholders have managed to achieve something that Apple and government regulators across the globe tried to and failed to do: get Qualcomm to pay up over its aggressive licensing practices. In a court filing on Tuesday, Qualcomm said it would agree to pay $75 million to settle a lawsuit brought by shareholders, who claim that the company misled them about how its business practices worked and artificially inflated its stock price as a result.
'Qualcomm won, its stock price rose, and the shareholder lawsuit started looking shaky' Apple, the US Federal Trade Commission, and other regulators sued Qualcomm over that same issue. The lawsuits claimed that Qualcomm was engaged in unfair business practices by tying negotiations for essential patents to requirements that companies buy its chips, too. Qualcomm largely won those battles, with the Apple lawsuits ending in settlements and regulators’ actions largely being overturned.
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