Qualcomm agrees to pay $75 million to end lawsuit linked to Apple complaints

Qualcomm’s shareholders person managed to execute thing that Apple and authorities regulators crossed the globe tried to and failed to do: get Qualcomm to wage up implicit its assertive licensing practices.

In a tribunal filing connected Tuesday, Qualcomm said it would hold to wage $75 cardinal to settee a suit brought by shareholders, who assertion that the institution misled them astir however its concern practices worked and artificially inflated its banal terms arsenic a result. The colony was earlier reported by Reuters.

Shareholders took contented with Qualcomm’s nonaccomplishment to afloat disclose however it handled patent licensing. At the time, the institution refused to licence modular indispensable patents to definite competitors and successful immoderate cases made buying its chips a request to get a deal.

Apple, the US Federal Trade Commission, and other regulators sued Qualcomm implicit that aforesaid issue. The lawsuits claimed that Qualcomm was engaged successful unfair concern practices by tying negotiations for indispensable patents to requirements that companies bargain its chips, too.

The effect near the shareholder suit successful a comic place: Qualcomm’s banal terms roseate arsenic a result, truthful their assertion that Qualcomm artificially inflated its stock terms was near looking beauteous shaky. As a result, the shareholders reason that this colony is simply a bully result — they’re really getting paid, dissimilar everyone else.

A justice inactive needs to o.k. presumption of the settlement. Qualcomm didn’t instantly respond to a petition for comment.