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Share Name | Share Symbol | Market | Type |
---|---|---|---|
QUALCOMM Inc | NASDAQ:QCOM | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.22 | -0.13% | 168.91 | 168.91 | 168.93 | 169.89 | 167.98 | 169.10 | 1,786,497 | 18:25:38 |
By Brent Kendall
A federal appeals court on Wednesday refused to reconsider its decision earlier this year to throw out a government antitrust case against Qualcomm Inc.
The Federal Trade Commission had alleged the dominant cellphone chip maker engaged in illegal monopolization, but a three-judge panel on the Ninth U.S. Circuit Court of Appeals ruled in August that the government hadn't proven its case.
The FTC asked the Ninth Circuit to re-hear the case with more judges participating. The court denied that request without comment Wednesday, a move that deals a near-final blow to the commission's case.
The commission's only remaining option would be to seek review from the Supreme Court.
Write to Brent Kendall at brent.kendall@wsj.com
(END) Dow Jones Newswires
October 28, 2020 14:15 ET (18:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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