Antitrust & Trade Reg.
Sep. 28, 2023
Summary judgment for Qualcomm in antitrust consumer class action
“We are pleased that the court has resolved these baseless consumer class actions, which were brought on the heels of the FTC’s complaint against Qualcomm more than six years ago,” Ann Chaplin, Qualcomm’s general counsel and corporate secretary, said in a statement.
Qualcomm Inc. was granted summary judgment in multidistrict antitrust litigation that accused the semiconductor company of leveraging its market power to artificially inflate cellphone prices.
“That the plaintiffs chose to model damages based on a novel theory rather than a traditional, longstanding antitrust theory pled in their complaint was a strategic choice that ultimately proved unsuccessful,” U.S. District Judge Jacqueline S. Corley ...
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