Rambus Incorporated (NASDAQ: RMBS), the provider of high-speed interface technology, can rejoice. A 2007 Federal Trade Commission ruling was overturned.
U.S. Court of Appeals for the District of Columbia Circuit dismissed FTC’s decision due to failure to prove its allegation of monopolization and ordered a new trial to question the sufficiency of the evidence.
Rambus was accused by FTC and chip makers of fraud and violating antitrust laws in its dealing with an industry group that set technology standards for memory chips in the 1990s.
The court found FTC’s evidence insufficient and revealing no hint of anticompetitive behavior from Rambus side.
Earlier this year the jury of the U.S. District Court in San Jose determined that Rambus acted properly while a member of the standard-setting organization JEDEC during its participating in the early 1990s, finding that the memory manufacturers did not meet their burden of proving antitrust and fraud claims.