Tripp Levy PLLC Announces Lawsuit Against American Italian Pasta By Shareholders

Tripp Levy PLLC announces that a lawsuit on behalf of current shareholders of American Italian Pasta Co. (NASDAQ: AIPC) was filed in the Court of Chancery in the State of Delaware on June 28, 2010. On or about June 21, 2010, AIPC announced that it had entered into a definitive agreement to be acquired by Ralcorp in a cash transaction by means of an all-cash tender offer for $53 per share or approximately $1.2 billion, net of cash acquired. The tender offer is currently set to expire on July 22, 2010.

The lawsuit alleges, among other things, that the proposed transaction is unfair as the Schedule 14D-9 (Solicitation and Recommendation Statement to shareholders) contains materially incomplete and misleading disclosures thus preventing shareholders from being able to make a fully informed decision as to whether or not to tender their shares in support of the proposed transaction.

If you own AIPC common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact

Tripp LevyTripp Levy PLLC125 East 82nd Street9th FloorNew York, New YorkToll Free: 877-772-3975Email: [e-mail]

Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States.

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