Monday, April 17, 2006

QUALCOMM To Pay $1.8M To DOJ Over Flarion Buy

San Diego-based QUALCOMM is paying the US Department of Justice $1.8M in civil penalties over the company's purchase of Flarion Technologies in July of last year. The DOJ announced late last week that it will require the companies to pay $1.8M for violating premeerger waiting period requirements. The DOJ had filed a complaint that QUALCOMM had obtained operational control over Flarion without observing the waiting period requirement in violation of federal antitrust law.

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