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Qualcomm agrees to pay $75 million to end lawsuit linked to Apple complaints

Shareholders managed to achieve something that Apple tried to and failed to do.

In a court filing on Tuesday, Qualcomm said it would agree to pay $75 million to settle a lawsuit brought by shareholders, who claim that the company misled them about how its business practices worked and artificially inflated its stock price as a result. At the time, the company refused to license standard essential patents to certain competitors and in some cases made buying its chips a requirement to get a deal. The lawsuits claimed that Qualcomm was engaged in unfair business practices by tying negotiations for essential patents to requirements that companies buy its chips, too.

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