Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies, products and services, today announced that the Tokyo High Court stayed the enforcement of the Japan Fair Trade Commission’s (JFTC) cease and desist order issued September 30, 2009 relating to Qualcomm’s license agreements with Japanese manufacturers. The stay will remain in effect through the JFTC’s full evidentiary hearing on the merits of the order and until the JFTC issues its final decision following the hearing. The first hearing before the JFTC is scheduled to be held on February 17, 2010. The proceeding may continue for several years. A decision by the JFTC following the full hearing proceeding may be appealed to the Japanese courts.
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Official Release Timestamp:
February 11, 2010
Tokyo High Court Grants Stay of JFTC Order