CDNS Cadence Design Systems Inc

Coughlin Stoia Geller Rudman & Robbins LLP (�Coughlin Stoia�) (http://www.csgrr.com/cases/cadence/) today announced that a class action has been commenced in the United States District Court for the Northern District of California on behalf of purchasers of Cadence Design Systems, Inc. (�Cadence�) (NASDAQ:CDNS) common stock during the period between April 23, 2008 and October 22, 2008 (the �Class Period�). If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from October 30, 2008. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff�s counsel, Darren Robbins of Coughlin Stoia at 800/449-4900 or 619/231-1058, or via e-mail at djr@csgrr.com. If you are a member of this class, you can view a copy of the complaint as filed or join this class action online at http://www.csgrr.com/cases/cadence/. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. The complaint charges Cadence and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Cadence develops electronic design automation software and hardware for electronics companies worldwide. The complaint alleges that during the Class Period, defendants made false and misleading statements about the Company�s financial performance. Specifically, defendants overstated the Company�s revenues and earnings by recognizing approximately $24 million of revenue in the first quarter of 2008 in violation of Generally Accepted Accounting Principles. That revenue should instead have been recognized over a number of quarters. On October 22, 2008, after the market closed, the Company announced that it was reviewing the recognition of revenue related to customer contracts signed during the first quarter of 2008 and that it expected to restate its financial statements for the first quarter of 2008 and the first half of 2008 to correct the revenue recognition with respect to these contracts. As a result of this disclosure, Cadence�s stock price dropped over 25% in one day. Plaintiff seeks to recover damages on behalf of all purchasers of Cadence common stock during the Class Period (the �Class�). The plaintiff is represented by Coughlin Stoia, which has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud. Coughlin Stoia, a 190-lawyer firm with offices in San Diego, San Francisco, Los Angeles, New York, Boca Raton, Washington, D.C., Philadelphia and Atlanta, is active in major litigations pending in federal and state courts throughout the United States and has taken a leading role in many important actions on behalf of defrauded investors, consumers, and companies, as well as victims of human rights violations. The Coughlin Stoia Web site (http://www.csgrr.com) has more information about the firm.