Rambus announced that the United States District Court for the Northern District of California has dismissed with prejudice the consolidated amended complaint in a shareholder suit against Rambus entitled “In re: Rambus, Inc. Securities Litigation.”

The dismissed shareholder suit arose from allegations concerning Rambus' 1991-1995 attendance at memory standard setting organisation called JEDEC. The case consolidated multiple purported class actions filed against Rambus in 2001. Although no class had yet been certified, the court had appointed lead plaintiffs in 2001. These lead plaintiffs recently moved for dismissal following rulings favouring Rambus from the Court of Appeals for the Federal Circuit.

Shareholders filled the case against Rambus claiming that the company withheld certain crucial IP information from JEDEC in the early nineties what eventually led to trial court victory of Infineon against Rambus. Since the final ruling favoured Rambus, the shareholders decided to dismiss the suit.