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QCOM QUALCOMM Inc

168.91
-0.22 (-0.13%)
Last Updated: 18:25:38
Delayed by 15 minutes
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

FTC Request to Reconsider Qualcomm Antitrust Case Rejected by Appeals Court

28/10/2020 6:30pm

Dow Jones News


QUALCOMM (NASDAQ:QCOM)
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From Mar 2019 to Mar 2024

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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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