Qualcomm Investor Class a Go in Anticompetitive Bundling Case

Qualcomm Inc. investors can proceed on behalf of a class on claims the mobile phone component manufacturer misled them about “bundling” its sale and licensing businesses, which allegedly drew regulatory scrutiny.

But the US District Court for the Southern District of California ruled that class status isn’t appropriate on claims about Qualcomm’s characterization of its licensing practices.

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 allege.

On the licensing issue, they allege that Qualcomm misleadingly said it licensed its products ...