New York state's public pension fund has filed a lawsuit against Qualcomm (QCOM) in an effort to...

|About: Qualcomm Inc. (QCOM)|By:, SA News Editor

New York state's public pension fund has filed a lawsuit against Qualcomm (QCOM) in an effort to force the company to disclose how it allocates funds towards political causes. Officials are targeting QCOM in particular due to the resistance the company has shown in cooperating, despite a formal request by the pension fund as well as other institutional investors. Experts say the lawsuit's outcome could potentially have a lasting impact on corporate political giving in the future.