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Class Action News
Brower Piven Announces Class Action Lawsuit Against Rambus
BALTIMORE, MD --The law firm of Brower Piven, A Professional Association, today announced that a securities class action was commenced on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of Rambus Inc. (NASDAQ: RMBS) between January 14, 2004 and July 18, 2006, inclusive (the "Class Period").
The case is pending in the United States District Court for the Northern District of California against defendant Rambus and one or more of its officers and/or directors. The action charges that defendants violated federal securities laws by issuing a series of materially false and misleading statements to the market throughout the Class Period, which statements had the effect of artificially inflating the market price of the Company's securities.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you are a member of the proposed class, you may move the court no later than September 18, 2006 to serve as a lead plaintiff for the proposed class. In order to serve as a lead plaintiff, you must meet certain legal requirements. To be a member of the proposed class you need not take any action at this time, and you may retain counsel of your choice.
If you acquired shares of Rambus Inc. during the Class Period indicated and want to discuss your legal rights, you may e-mail or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions.
Class action lawsuits give the "common man" a chance.
Class action lawsuits give the "common man" the opportunity to take on large corporations or private entities, that most likely have the best legal services available to them, with the chance to redress the wrongdoings by these entities. Class action is a procedural device, which is commonly used in litigation, to determine the rights and remedies for large numbers of people whose cases involve common questions of law and fact.
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Definition:
A fairness hearing is a court hearing where the "fairness" of the proposed settlement is evaluated by the court.
Class representative
Definition:
A person in the complaint of plaintiff who has been chosen to adequately represent the interests of the class.
Clear sailing agreement
Definition:
An agreement made between counsel for plaintiffs and defendants during or after a settlement negotiations on the claims of a class whereby the defendant agrees not to object to a fee request of the counsel representing the plaintiff class.
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