Bernstein Liebhard LLP is investigating whether the Board of Directors of American Italian Pasta Company (“AIPC”) (NasdaqGS: AIPC) breached its fiduciary duty to its shareholders in agreeing to sell AIPC to food maker Ralcorp Holdings Inc. (“Ralcorp”) (NYSE: RAH).

Under the terms of the agreement, AIPC shareholders will receive $53 in cash for each share they own, placing a total value of $1.2 billion on the deal. The investigation is focused on the potential unfairness of the price to AIPC’s shareholders, and the process leading up to the transaction.

If you are interested in discussing your rights as an AIPC shareholder and/or have information relating to the matter, please contact U. Seth Ottensoser at (877) 779-1414 or ottensoser@bernlieb.com.

Bernstein Liebhard has pursued hundreds of securities and consumer cases and recovered almost $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last seven years.

Bernstein Liebhard LLP10 East 40th StreetNew York, New York 10016(877) 779-1414www.bernlieb.com

ATTORNEY ADVERTISING. © 2010 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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