Investigation Overview
An investigation on behalf of current long-term investors in shares of Rambus Inc. (NSADAQ: RMBS) was announced over potential breaches of fiduciary duties by certain officers and directors at Rambus Inc.
The investigation by a law firm concerns whether certain Rambus Inc.officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Sunnyvale, CA based Rambus Inc. provides semiconductor products in South Korea and internationally. Rambus Inc reported that its annual Total Revenue rose from $336.59 million in 2016 to $393.09 million in 2017 and that its Net Income of $6.82 million in 2016 declined to a Net Loss of $22.86 million in 2017.
Shares of Rambus Inc. (NSADAQ: RMBS) declined from $14.17 per share in May 2018 to as low as $7.25 per share in late December 2018.