Rambus Soars on Supreme Court Ruling

Shares of Rambus(RMBS Quote) vaulted 35% in midafternoon trading following a favorable U.S. Supreme Court decision. The stock climbed $6.48 to $25.21 in recent trading.

Rambus is at the center of a web of ongoing patent litigation, including an antitrust case filed by the Federal Trade Commission. The complaints have alleged that Rambus deceived an industry standards-setting organization in the early 1990s, helping to set standards in a way that favored its own technologies and later reaping royalties from memory manufacturers.

But today, Rambus scored a major victory when the U.S. Supreme Court affirmed an earlier favorable court ruling by declining to hear an appeal in a case involving memory maker Infineon(IFX Quote). ...