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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.
A lead plaintiff stands in for and acts on behalf of the other class memebers in the litigation.
A lead plaintiff is a representative person(s) or party appointed by the court to stand in for and act on behalf of the other class members in th elitigation. To appoint a lead plaintiff, a court must determine that the proposed plaintiff's claims
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Definition:
A report that is filed with the court by a member that wants to be excluded from the pending litigation.
Certified hearing
Definition:
During a certified hearing, the court listens to the arguments of the counsel and decides whether the case is ?worthy? to be continued as a class action.
Opt-out
Definition:
If a class member wants to be excluded from the class action, it can opt-out. Opting-out does not have any effect on the excluded member.
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