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NY comptroller drops Qualcomm disclosure lawsuit

New York's comptroller has dropped his lawsuit against Qualcomm Inc. (Nasdaq: QCOM) after the wireless technology company agreed to disclose more information about its political spending.

The lawsuit filed Jan. 2 in Delaware sought a court order to inspect company records, saying the San Diego-based corporation rebuffed prior requests for the information.

Comptroller Thomas DiNapoli is sole trustee of New York's pension fund for public workers, which has 5.5 million Qualcomm shares valued at $359 million.

His office says the company spent more than $4.5 million on lobbying last year.

Qualcomm says it will post online its contributions to political candidates and political parties, political spending to trade associations and certain nonprofit organizations, and contributions to influence ballot measures.

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Qualcomm Inc.

Company Website

5775 Morehouse Dr.
San Diego, CA 92121

Qualcomm Inc. Executive(s):

Irwin Mark Jacobs

  • Founding Chairman, CEO Emeritus

Paul Jacobs

  • Executive Chairman

Tamar Elkeles

  • Vice President

Don Jones

  • Vice President

Don Rosenberg

  • General Counsel

Mark Leslie

  • Vice President, External Affairs

Steven Altman

  • Vice Chairman

Steve Mollenkopf

  • Chief Executive Officer

Derek Aberle

  • President

Navrina Singh

  • Director of Product Management

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Watch all of our Top Attorneys 2015 videos.

Similar Companies

NAICS - 334220 - Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
SIC - 3663 - ELECTRONIC COMPONENTS, NOT ELSEWHERE CLASSIFIED
SIC - 3663 - RADIO AND TELEVISION BROADCASTING AND COMMUNICATIONS EQUIPMENT

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2012