The Haus

Tuesday, August 14, 2001

Investors Suing RAMBUS -- 1:40 pm CST, Update by A.T. Hun

According to The Register, a class-action lawsuit is being brought on behalf of investors against RAMBUS. Here's the main bits:
New York-based law firm Beatie and Osborn filed a class-action suit against the memory developer late last week on behalf of shareholders. The suit alleges that Rambus violated US securities regulations, specifically that the company persuaded would-be investors to buy RMBS stock by claiming it would be able to deliver revenues from royalties on patents that it didn't actually own.
I probably shouldn't have enjoyed that article as much as I did :)

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