Investigation Overview
April 8, 2014 (Shareholders Foundation) - An investigation on behalf of current long-term stockholders of shares of Rambus Inc. (NASDAQ:RMBS) concerning whether certain Rambus officers and directors possibly breached their fiduciary duties in connection with certain statements was announced.
The investigation by a law firm concerns whether certain Rambus officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Rambus Inc. reported that its annual Total Revenue rose from $234.05 million in 2012 to $271.50 million in 2013 and that its respective Net Loss declined from $134.34 million to $33.75 million.
Shares of Rambus Inc. grew from $4.07 per share in late 2012 to as high as $11.50 per share on April 3, 2014.
On April 7, 2014, NASDAQ:RMBS shares closed at $11.12 per share.