Member access

4-Traders Homepage  >  Shares  >  Nasdaq  >  Cirrus Logic, Inc.    CRUS   US1727551004

CIRRUS LOGIC, INC. (CRUS)

21
Delayed Quote. Delayed Nasdaq - 09/29 04:00:02 pm
21.55 USD   +0.70%
09/18 CIRRUS LOGIC : Named Top 10 Employer in America
08/22 CIRRUS LOGIC : hungry for the Wolfson
08/21 CIRRUS LOGIC : Completes Acquisition of Wolfson Microelectronics
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Cirrus Logic, Inc. : Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Cirrus Logic, Inc.

03/13/2013 | 06:10pm US/Eastern
Recommend:
0

Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all purchasers of the common stock of Cirrus Logic, Inc. ("Cirrus" or the "Company") (NASDAQ: CRUS) between July 31, 2012 and October 31, 2012, inclusive (the "Class Period").

Cirrus develops signal-processing integrated circuits for audio and energy markets. The Company's audio products include amplifiers, codecs, converters and digital signal processors for such applications as smartphones, tablets, home theater equipment, automotive entertainment systems and professional audio gear. The Complaint alleges that throughout the Class Period the defendants misrepresented and/or failed to disclose that: (1) the Company's dependence for revenues on its biggest customer -- Apple, Inc. -- was increasing rather than diminishing; (2) the Company's sales growth was declining rather than increasing; (3) difficulties in its supply chain, and at its vendors, were increasing Cirrus's costs and diminishing the Company's profit margins; (4) the launch of several models of Cirrus's new LED lighting had been delayed; and (5) as a result, Cirrus's increased fiscal 2013 guidance was not attainable.

No class has yet been certified in this action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Cirrus common stock during the Class Period, you have certain rights, and have until April 5, 2013 to move for lead plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Binkow & Goldberg LLP, Los Angeles, CA
Michael Goldberg
(310) 201-9150 or (888) 773-9224
shareholders@glancylaw.com
www.glancylaw.com


© Business Wire 2013
Recommend :
0
React to this article
Latest news on CIRRUS LOGIC, INC.
48m ago CIRRUS LOGIC : Assigned Patent
2d ago CIRRUS LOGIC : Secures Spot as Top 10 Employer in America by Great Place to Work..
2d ago CIRRUS LOGIC : Secures Spot as a Top 10 Employer in America
2d ago CIRRUS LOGIC : Ranks a Top Small and Medium Workplace
09/23 CIRRUS LOGIC : Named a Top Small and Medium Workplace
09/23 CIRRUS LOGIC : Ranks as a Top 10 Employer in America
09/22 CIRRUS LOGIC : Change in Directors or Principal Officers, Financial Statements a..
09/18 CIRRUS LOGIC : Named Top 10 Employer in America
09/11 CIRRUS LOGIC : Patent Issued for Color Coordination of Electronic Light Sources ..
09/11 CIRRUS LOGIC : Researchers Submit Patent Application, "Position Estimation Syste..
Advertisement
Chart
Duration : Period :
Cirrus Logic, Inc. Technical Analysis Chart | CRUS | US1727551004 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF