SUNNYVALE, Calif.--(BUSINESS WIRE)--
Rambus Inc. (NASDAQ: RMBS), one of the world's premier technology
licensing companies, today announced it has agreed to settle one of the
two remaining stock option related lawsuits. The settlement will resolve
the matter captioned Stuart J. Steele, et al. v. Rambus Inc., et al.,
originally filed in 2008, related to stock option grants that were not
correctly dated or accounted for prior to 2006, with the vast majority
of incorrectly dated grants occurring between 1998 and 2001. The case
was scheduled to go to trial in March 2012, and Rambus has agreed to
settle the claims against it and the individual defendants for $10.85
million.
About Rambus Inc.
Founded in 1990, Rambus is one of the world's premier technology
licensing companies. As a company of inventors, Rambus focuses on the
development of technologies that enrich the end-user experience of
electronic systems. Its breakthrough innovations and solutions help
industry-leading companies bring superior products to market. Rambus
licenses both its world-class patent portfolio, as well as its family of
leadership and industry-standard solutions. Rambus has offices in
California, North Carolina, Ohio, India, Germany, Japan, Korea, and
Taiwan. Additional information is available at www.rambus.com.
RMBSFN
Rambus Public Relations
Press:
Linda Ashmore,
408-462-8411
lashmore@rambus.com
or
Rambus
Investor Relations
Investor:
Nicole Noutsios,
408-462-8050
nnoutsios@rambus.com
Source: Rambus Inc.
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