Rambus Reaches $11M Truce In Stock Options Suit

Law360, New York (December 21, 2011, 4:51 PM EST) -- Technology licensing company Rambus Inc. has settled a stock option suit filed by shareholders claiming Rambus, its principals and its auditor PricewaterhouseCoopers LLP hid an options backdating scheme from investors, the company said Wednesday.

Rambus said it has agreed to settle the claims against it and the other defendants for $10.85 million.

The settlement puts an end to a suit originally filed in a California Superior Court in 2008 by numerous shareholders saying that from 1997 through 2006, Rambus conducted a fraudulent scheme of backdating stock...
To view the full article, register now.