LOS ALTOS, CA -Rambus Inc. (Nasdaq:RMBS), a leading provider of chip-to-chip interface products and services, today announced that the United States District Court for the Northern District of California has dismissed with prejudice the consolidated amended complaint in a shareholder suit against Rambus entitled "In re: Rambus, Inc. Securities Litigation."
The dismissed shareholder suit arose from allegations concerning Rambus' 1991-1995 attendance at a standard setting body called JEDEC. The case consolidated multiple purported class actions filed against Rambus in 2001. Although no class had yet been certified, the court had appointed lead plaintiffs in 2001. These lead plaintiffs recently moved for dismissal following rulings favoring Rambus from the Court of Appeals for the Federal Circuit. "Dismissal of the shareholder suit represents a further significant step forward for Rambus," said John Danforth, vice president and general counsel for Rambus. "We are pleased that the Court and the lead plaintiffs in this matter have dismissed this case with prejudice and in line with the guidance of the Federal Circuit."
About Rambus Inc.
Rambus is a leading provider of chip-to-chip interface products and services. The company's breakthrough technology and engineering expertise have helped leading chip and system companies to solve their challenging I/O problems and bring industry-leading products to market. Rambus' interface solutions can be found in numerous computing, consumer electronic and networking products. Additional information is available at www.rambus.com.