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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 has many advantages.
Class action lawsuits may offer a number of advantages because they aggregate a large number of individualized claims into one representational lawsuit. First, aggregation may increase the efficiency of the legal process, and lower the costs of litigation. Second, a class action ensures that a defendant who engages in widespread harm -- but does so minimally against each individual plaintiff -- must compensate those individuals for their injuries. Third, in "limited fund" cases, a class action ensures that all plaintiffs receive relief and that early-filing plaintiffs do not raid the fund of all its assets before other plaintiffs may be compensated. Finally, a class action avoids the situation where different court rulings could create "incompatible standards" of conduct for the defendant to follow.
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Definition:
A person named in a class action litigation as the plaintiff as contrasted with ?absent? class members who are not individually named, but are only the class by virtue of the class definition.
Declaratory judgment class
Definition:
Declaratory judgment class is an action where the court is asked to declare the rights and obligations of the respective parties.
Class cousel
Definition:
A class counsel is one or more attorneys who are appointed by the court to give legal advice to the plaintiff class.
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