Class Action Against Cadence Design Systems, Inc. (NASDAQ: CDNS) Filed

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) October 30, 2008 -- On Thursday, October 30, 2008, a law firm filed on behalf of a shareholder of Cadence Design Systems, Inc. (NASDAQ: CDNS) a proposed class action lawsuit in the United States District Court for the Northern District of California on behalf of all purchasers of Cadence Design Systems, Inc. (NASDAQ: CDNS) common stock during the period between April 23, 2008 and October 22, 2008 over alleged violations of the Securities Exchange Act of 1934.

If you purchased Cadence Design Systems, Inc. (NASDAQ: CDNS) common stock during the period between April 23, 2008 and October 22, 2008, you have certain options and there are strict and short deadlines running. (December 26, 2008). You should contact the Shareholders Foundation, Inc. immediately!

Email: Mail@ShareholdersFoundation.com

or Call us TODAY!

Phone: +1-(858)-779-1554

or send us your information by mail /facsimile

Shareholders Foundation, Inc.
3111 Camino del Rio North
– Suite 423 –
San Diego, CA 92108
Fax: +1-(858)-605-5739(Facsimile)

According to the complaint the plaintiff alleges that Cadence Design Systems, Inc. (”Cadence”) and certain of its current and former officers violated the Securities Exchange Act of 1934 by misrepresenting Cadence’s financial performance and prospects, overstating its revenues, and causing it to file false and misleading financial statements with the SEC. Specifically the stockholder alleges that the defendants allegedly caused Cadence to improperly report approximately $24 million in revenue in the first quarter of 2008 and in the six months ended June 28, 2008 that will not be earned until the later quarters and, therefore, should be properly recognized ratably over the duration of the customer contracts. Reportedly Cadence announced on October 15, 2008 the departures of its Chief Executive Officer and four other senior executives. The price of Cadence common stock dropped approximately 15%. Then on October 22, 2008, defendants surprised investors by acknowledging that the Cadence was reviewing the recognition of revenue related to customer contracts signed in the first quarter of 2008 and that it expected to restate its financial statements not only for that quarter, but also the first half of 2008 and as a result of this news Cadence’s stock price dropped another 25%, as the artificial inflation caused by defendants’ false and misleading statements came out of the stock price, so the lawsuit.

If you purchased Cadence Design Systems, Inc. (NASDAQ: CDNS) common stock during the period between April 23, 2008 and October 22, 2008, you have certain options and there are strict and short deadlines running. (December 26, 2008). You should contact the Shareholders Foundation, Inc. immediately!

Email: Mail@ShareholdersFoundation.com

or Call us TODAY!

Phone: +1-(858)-779-1554

For more information go to www.ShareholdersFoundation.com

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