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Rambus Inc. Message Board

  • marketstinks09 marketstinks09 May 26, 2009 3:05 PM Flag

    Court order $$$379 for RMBS !!

    Court orders Hynix to secure $397M in judgement vs. Rambus
    Rambus announced that the U.S. District Court for the Northern District of California has ordered Hynix Semiconductor to secure the judgment amount of approximately $397M through a combination of a bond and a lien on a Hynix property in South Korea for infringing Rambus patents. The bonded amount of $250M is required to be posted within 45 days of the order. The lien will only serve as security if a new appraisal of the Hynix property shows a fair market value of at least double the amount of the judgment not secured by the bond. If the appraisal is inadequate, Rambus may ask the Court to substitute other security.

 
RMBS
12.77-0.14(-1.08%)Apr 20 4:00 PMEDT