Rambus says FTC has dropped antitrust claims
Daily Legal News
Rambus Inc. said Thursday that the Federal Trade Commission has dropped its claim that the memory chip company violated antitrust laws in patenting technologies that were eventually incorporated into industry standards.
The company's shares jumped 14 percent in trading Thursday.
Rambus has fought several legal battles over chip patents, which generate most of its revenue. Chip manufacturers forced to pay royalties to Rambus have accused the company of quietly seeking rights to memory chip technology in the early 1990s even as it participated in an industry standards-setting body, thereby profiting from the body's decisions.
Los Altos, Calif.-based Rambus has consistently denied wrongdoing. The company's general counsel, Thomas Lavelle, said in a statement Thursday, "We are pleased to have finally put this matter behind us."
The FTC ruled in 2006 that Rambus had violated antitrust laws. But the U.S. Court of Appeals for the District of Columbia Circuit overturned the decision in 2008 and sent the case back to the FTC, saying the agency had not come up with enough evidence to prove that Rambus had sought a monopoly or hurt competition.
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