LOS ALTOS, Calif., Feb 23, 2009 (BUSINESS WIRE) -- Rambus Inc. (Nasdaq:RMBS), one of the world's premier technology
licensing companies specializing in high-speed memory architectures,
today announced that the United States Supreme Court has denied a
request by the Federal Trade Commission (FTC) to review the Rambus case,
bringing to a close its Sherman Act antitrust claims against Rambus.
"Eleven DC Circuit judges examined the FTC's case, and not one supported
it in any way. The Solicitor General did not support the FTC's petition
for certiorari, and now the Supreme Court has denied its petition," said
Tom Lavelle, senior vice president and general counsel at Rambus. "After
enduring years of lost business, uncertainty, and spending millions of
dollars defending ourselves against the FTC's ill-founded allegations,
we're pleased the Supreme Court has put an end to these claims."
The FTC brought antitrust charges against Rambus in 2002. A three month
trial was held in the spring of 2003 before Administrative Law Judge
(ALJ) Stephen McGuire, who issued his initial decision exonerating
Rambus with over 1,600 findings of fact in its favor in early 2004. The
FTC's own Complaint Counsel appealed the decision of the fact-finder to
the full Commission, which reversed the ALJ and found Rambus liable for
violating Section 2 of the Sherman Act. Following Rambus' appeal of that
decision, the Court of Appeals for the District of Columbia (CADC)
vacated the FTC orders.
About Rambus Inc.
Rambus is one of the world's premier technology licensing companies
specializing in the invention and design of high-speed chip
architectures. Since its founding in 1990, the Company's patented
innovations, breakthrough technologies and renowned integration
expertise have helped industry-leading chip and system companies bring
superior products to market. Rambus' technology and products solve
customers' most complex chip and system-level interface challenges
enabling unprecedented performance in computing, communications and
consumer electronics applications. Rambus licenses both its world-class
patent portfolio as well as its family of leadership and
industry-standard interface products. Headquartered in Los Altos,
California, Rambus has regional offices in North Carolina, India,
Germany, Japan and Taiwan. Additional information is available at www.rambus.com.
RMBSLN
SOURCE: Rambus Inc.
Rambus Public Relations
Linda Ashmore, 650-947-5411
lashmore@rambus.com
Copyright Business Wire 2009