Derivative Suit Against Rambus, Execs Tossed

Law360, New York (April 17, 2008, 12:00 AM EDT) -- A judge threw out a derivative class action against Rambus Inc. and a number of its executives on Thursday but gave the plaintiffs leave to amend claims that Rambus officers made misleading statements to the public and the U.S. Securities and Exchange Commission.

Judge Jeremy Fogel, of the U.S. District Court for the Northern District of California, said that despite filing a long complaint and a series of amendments, sometimes without the court's permission, the Rambus shareholders who filed the suit failed to allege any wrongdoing...
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