Qualcomm $75 Million Deal With Investors Gets Early Nod

Qualcomm Inc. investors, who brought a class action against the company alleging it misled them about “bundling” its sale and licensing business, have received preliminary approval for a $75 million cash settlement.

The settlement is fair, reasonable, and adequate, Judge Jinsook Ohta, of the US District Court for the Southern District of California, said in granting preliminary approval.

Four corrective disclosures about regulators’ inquiries into anticompetitive bundling conduct in South Korea, the European Union, and the US caused declines in the company’s stock price, the investors alleged in the suit against the company that lasted for seven years before ...