QUALCOMM (NASDAQ:QCOM) Going to Face With Certain of Officer Class Action Lawsuit- Mattel (MAT), Energy Transfer Partners (ETP)

QUALCOMM Incorporated (NASDAQ:QCOM) luring passive investments, as shares build up 2.12% ended at $54.00 as the stock held volume of 14.03 Million as compared to average daily volume of 11837.29. Pomerantz LLP reported that a class action lawsuit has been filed against Qualcomm Incorporated (QCOM) and certain of its officers. The class action, filed in United States District Court, Southern District of California, is on behalf of a class consisting of investors who purchased or otherwise acquired Qualcomm securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that. (i) Qualcomm engaged in anticompetitive conduct to maintain a monopoly for semiconductors used in mobile phones in violation of federal law; (ii) in turn, Qualcomm lacked effective internal controls over financial reporting; and (iii) as a result, Qualcomm’s public statements were materially false and misleading at all relevant times.

Force behind QUALCOMM Incorporated bullish runs in this report? Find Out Here

Shares of Mattel, Inc. (NASDAQ:MAT) has price volatility of 2.06% in last 5 days trading session, while shares of firm closed at $25.73 are dropping -0.39% in last session. Mattel, Inc. (NASDAQ:MAT) reported that firm’s management team will host securities analysts for a business overview, followed by a tour of Mattel’s toy gallery at the 2017 American International Toy Fair. The presentation will take place in New York City on Friday, February 17, 2017 at 1:30 p.m. Eastern time, and will last approximately 90 minutes. The event will be hosted by Christopher Sinclair, Executive Chairman; Richard Dickson, President and Chief Operating Officer; and Kevin Farr, Chief Financial Officer.

In addition, the company will hold a question and answer session with its sell side analysts on Tuesday, February 21, 2017 at 10:00 a.m. Eastern time, which will last approximately one hour. The question and answer session will be hosted by Christopher Sinclair, Executive Chairman; Margaret Georgiadis, Chief Executive Officer; Richard Dickson, President and Chief Operating Officer; and Kevin Farr, Chief Financial Officer. Shares price moving down from its 20 days moving average with -7.99% and isolated negatively from 50 days moving average with -10.61%.

How Mattel, Inc. tops analysts views after bullish guidance? Read Full Report Here

Stocks of Energy Transfer Partners, L.P. (NYSE:ETP) shows active performance, inched down -0.81% to trade at $38.08as Harwood Feffer LLP declared that it is investigating potential claims against the board of directors of Energy Transfer Partners, L.P. (NYSE: ETP) concerning the proposed acquisition of the Company by Sunoco Logistics Partners L.P.

Under the terms of the offer, Sunoco would acquire Energy Transfer Partners in a transaction that values Energy Transfer Partners at approximately $21.3 billion. Pursuant to the deal, Energy Transfer Partners unitholders will receive 1.5 common units of Sunoco for each unit owned, valued at approximately $37.03. At least one Wall Street analyst had set a price target for Energy Transfer Partners units of $55.00. The Company showed a negative -2.70% in the net profit margin and in addition to its operating margin, which remained 8.70%.

Most exciting investor’s analysis over ETP performance this year? Read Full Report Here

Source: www.senecaglobe.com www.senecaglobe.com

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