Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of Code Division Multiple Access (CDMA) and other advanced wireless technologies, today announced that the Supreme Court for the State of New York has dismissed all claims brought against Qualcomm by Whale Telecom. Whale's lawsuit, filed in November 2004, sought over $400 million in damages relating to purported agreements with Qualcomm for services to be performed in the former Soviet Union. The court dismissed the claims on the grounds that they were legally meritless as well as barred by the applicable statute of limitations.
“Qualcomm is gratified that the Court has found Whale's sensationalist and inflated claims to be meritless,” said Bill Sailer, senior vice president and legal counsel at Qualcomm.
It is unknown whether Whale plans to appeal the decision.
Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 500 Index and is a 2005 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM.
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Official Release Timestamp:
March 21, 2006
Court Dismisses All Claims Brought Against Qualcomm by Whale Telecom