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A class action lawsuit has been filed on behalf of all customers of USB Paine Webber, Inc. who purchased shares of Qualcomm, Inc. during the class period Dec-29-99 through Jan-17-02.

The complaint alleges that the defendant issued a series of materially false statements and misleading reporting concerning the stock of Qualcomm, Inc. Plaintiff alleges that defendant deliberately made unsubstantiated positive recommendations of Qualcomm stock in order to attract investment banking and retail customer business. Furthermore, defendant failed to disclose the true motivation for its recommendations to its customers who relied on PaineWebber for investment advice.

If you feel you qualify for damages or remedies that might be awarded in this class action please fill in our form on the right to submit your complaint.

If your injustice does not match the complaint described above, please use this form to register your complaint. Thank you.

Reader Comments

Posted by

I owned Qualcomm in December, 1999 when the stock hit an all time high of over $700 per share. It split that Friday after close of business and never stopped falling.

Posted by

I bought Qualcomm stock the Friday after it was announced that it would split and skyrocket.

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