N.Y. Comptroller Sues Qualcomm

Comptroller DiNapoli seeks information on company’s political spending.

Qualcomm Inc., a maker of microchips for communications equipment, was sued by New York State Comptroller Thomas DiNapoli for information about how the company spends investors’ money for political purposes.

The lawsuit, made public today in Delaware Chancery Court in Wilmington, was filed by the New York State Common Retirement Fund. It is seeking access to books and records that might shed light on whether contributions are in the best interests of shareholders.

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