On June 19th, Guolonghui reported that Qualcomm has agreed to pay $75 million in cash to settle a shareholder class action lawsuit alleging the company's concealment of anticompetitive sales and licensing practices. The settlement agreement was filed with the federal court in San Diego, California yesterday (June 18th) and is pending approval from U.S. Magistrate Judge Jinsook Ohta. The company and six individuals deny wrongdoing in the agreement, including former CEO Paul Jacobs and Steven Mollenkopf. Shareholders alleged that between February 2012 and January 2017, Qualcomm repeatedly claimed that chip sales and technology licensing were separate businesses, but in reality the company bundled the two to impede competition, artificially boosting its stock price. The Federal Trade Commission and Apple accused Qualcomm in January 2017 of attempting to monopolize the baseband processor market, with Apple alleging that Qualcomm used its monopoly position to overcharge for chips and impose onerous and expensive conditions in its licensing terms.