SAN FRANCISCO (Thomson Financial) - Rambus Inc. said Tuesday the U.S. Court
of Appeals for the DC Circuit has overturned the Federal Trade Commission's
antitrust ruling against Rambus and remanded the matter back to the FTC.
According to the company, "the appellate court determined the FTC failed to
demonstrate that Rambus inflicted any harm on competition."
The FTC brought antitrust charges against Rambus in 2002. In 2003, Chief
Administrative Law Judge Stephen McGuire issued an initial decision exonerating
Rambus. The FTC's complaint counsel appealed the decision to the full
commission, which reversed the judge's ruling and found Rambus liable for
violating Section 2 of the Sherman Act.
The decision by the appellate court vacates the orders of the full
commission, Rambus said.
"Rambus has had to endure years of uncertainty, lost business and enormous
legal fees defending this case, and we are thrilled to have this portion behind
us," said Tom Lavelle, general counsel at Rambus, in a statement.
The company's shares rose 4% to $23.47.
Gabriel Madway
gm
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