Quote: STATUS (LOOKUP)=2006-07-21 15:16:29: SOCKET ACCEPTED
FROM CLIENT (LOOKUP)=2006-07-21 15:16:32: NNT:9653150:CPZ
TO CLIENT (LOOKUP)=2006-07-21 15:16:32: <BEGIN>HARTFORD, Conn., July 21, 2006 (PRIMEZONE) -- The law firm of Schatz & Nobel,
P.C., which has significant experience representing investors in prosecuting
claims of securities fraud, announces that a lawsuit seeking class action status
has been filed in the United States District Court for the Northern District of
California on behalf of all persons who purchased or otherwise acquired the
publicly traded securities of Rambus ("Rambus" or the "Company") (Nasdaq:RMBS)
between December 12, 2001 and June 27, 2006, inclusive, (the "Class Period").
The Complaint alleges that defendants violated federal securities laws by
issuing a series of materially false statements. Specifically, defendants made
misleading statements and omissions concerning Rambus' improper and undisclosed
practice of backdating options. This improper backdating masked the virtually
instant profits the option recipients obtained. Under generally accepted
accounting principles, these profits were required to be recognized as an
expense in the Company's financial statements for the appropriate period, but
were not. This backdating of options also violated provisions of the Internal
Revenue Code relating to deduction of option payments. Thus, the Company's
financial statements in Form 10-K filings for the years 2002, 2003, 2004 and
2005 were materially false and misleading. In addition, the Company's Proxy
Statements for annual shareholder meetings held in years 2002 to 2005 were also
misleading because they contained statements concealing Rambus' practice of
backdating stock options.
If you are a member of the class, you may, no later than September 18, 2006,
request that the Court appoint you as lead plaintiff of the class. A lead
plaintiff is a class member that acts on behalf of other class members in
directing the litigation. Although your ability to share in any recovery is not
affected by the decision whether or not to seek appointment as a lead plaintiff,
lead plaintiffs make important decisions which could affect the overall recovery
for class members, including decisions concerning settlement. The securities
laws require the Court to consider the class member(s) with the largest
financial interest as presumptively the most adequate lead plaintiff(s).
While Schatz & Nobel has not filed a lawsuit against the defendants, to view a
copy of the Complaint initiating the class action or for more information about
the case, class action cases in general, and your rights, please contact Schatz
& Nobel toll-free at (800) 797-5499, or by e-mail at sn06106@aol.com, or visit
our website: www.snlaw.net.
CONTACT: Schatz & Nobel, P.C.
Wayne T. Boulton
Nancy A. Kulesa
(800) 797-5499
www.snlaw.net
sn06106@aol.com<END>

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