Media Advisory Issued by O'Melveny & Myers LLP on Behalf of Hynix Semiconductor Inc.May 13, 2011
FOR IMMEDIATE RELEASE
Piper Hall Sonja Steptoe
O’Melveny & Myers LLP O’Melveny & Myers LLP
202.870.1800 (cell) 323.578.1586 (cell)
LOS ANGELES, CALIFORNIA ─ MAY 13, 2011 ─ Today, in the case of Hynix Semiconductor v. Rambus, the United States Court of Appeals for the Federal Circuit vacated the judgment against Hynix in the amount of nearly US$400 million, plus significant on-going royalties. Concluding the lower court used the wrong legal standard, the Federal Circuit found that Rambus destroyed evidence at a point in time after its litigation campaign was reasonably foreseeable. The Federal Circuit remanded the case for further proceedings related to Rambus's spoliation of evidence.
Hynix Semiconductor Inc. is issuing the following statement. Please attribute it to a Hynix spokesperson:
We are gratified by today’s ruling from the Court of Appeals vacating the judgment against Hynix and endorsing the company's position regarding the correct legal standard for spoliation.
About Hynix Semiconductor Inc.
Hynix Semiconductor Inc. (HSI) of Icheon, Korea, is the world’s top tier memory semiconductor supplier offering Dynamic Random Access Memory chips (DRAMs) , Flash memory chips (NAND Flash) and CMOS Image Sensor (CIS) for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about Hynix is available at www.hynix.com.
About O’Melveny & Myers LLP
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