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Qualcomm Settles Class-Action Suit
Posted: 17-Mar-2000 [Source: Reuters]

[Qualcomm says it has agreed on a US$8.9M settlement in dispute with former employees.]

San Diego -- Mobile phone technology company Qualcomm Inc. (QCOM.O) said on Friday it had agreed to settle a class-action lawsuit filed by former employees arising from the sale of assets of Qualcomm's infrastructure division to Ericsson (ERICY.O) (LMEb.ST) of Sweden.

Under the settlement, $8.9 million, minus attorneys' fees and costs, will be distributed to more than 1,000 former Qualcomm employees.

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