Business Services Industry

Rambus Inc. Shareholder Retains Abraham & Paskowitz For Class Action Suit To Be Commenced in Virginia

Business Wire, August 13, 2001

Business/Legal Editors

NEW YORK--(BUSINESS WIRE)--Aug. 13, 2001

Abraham & Paskowitz has been retained on behalf of purchasers of Rambus Inc. (Nasdaq: RMBS - news) during the period between January 18, 2000 and May 9, 2001 to file a class action suit in the United States District Court for the Eastern District of Virginia.

The Complaint will allege that statements by and on behalf of Rambus during this period were false and misleading in that they misrepresented that Rambus had developed unique and proprietary technology, while in fact Rambus had utilized information obtained during participation is standards-setting industry groups in obtaining certain patents. On May 9, 2001, a jury in the Eastern District of Virginia found that some of the most pertinent asserted patented technology had been obtained by improper activities. Thereafter, the stock fell significantly in reaction to this news.

The plaintiff's counsel -Abraham & Paskowitz-- has substantial experience in prosecuting investor class actions and actions involving shareholder fraud. You may visit the firm's website at www.classactionsonline.com

If you purchased shares of Rambus Inc. during the Class Period, you may move the Court no later than October 12, 2001 to serve as lead plaintiff for the Class. In order to serve as lead plaintiff, you must meet certain legal standards.

If you have any questions about this notice or the action, or with regard to your rights, please contact:

Laurence D. Paskowitz or Gil Deutsch Abraham & Paskowitz 60 East 42nd Street 47th Floor New York, New York 10165 (212) 692-0555 (tel.) (800) 938-0015 (toll free) e-mail: classattorney@aol.com

COPYRIGHT 2001 Business Wire
COPYRIGHT 2001 Gale Group

 

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