Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

CIRRUS LOGIC, INC. (CRUS)
Mes dernières consult.
Most popular
  Report  
Delayed Quote. Delayed  - 05/25 10:00:00 pm
38.73 USD   +1.12%
05/08CIRRUS LOGIC : to Present at Upcoming Conferences
BU
05/02CIRRUS LOGIC : Fiscal 4Q Earnings Snapshot
AQ
05/02CIRRUS LOGIC : Reports Q4 FY18 Revenue of $303.2 Million
BU
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Cirrus Logic, Inc. : Harwood Feffer LLP Announces Investigation of Cirrus Logic Inc.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/06/2013 | 12:10am CEST

NEW YORK, Feb. 5, 2013 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Cirrus Logic Inc. ("CRUS" or the "Company") (NASDAQ: CRUS), concerning whether the board has breached its fiduciary duties to shareholders.

(Logo: http://photos.prnewswire.com/prnh/20120215/MM54604LOGO)

On July 31, 2012, the Company provided strong full year 2013 revenue and margin guidance and predicted an "outstanding" year for the Company and its shareholders. On this news, Company stock, which had been trading below $30 per share for all of 2012, reached nearly $45 per share during September 2012. During this same period, certain Company officers sold millions of dollars' worth of CRUS stock at inflated prices.

On October 31, 2012, the Company substantially lowered its 2013 guidance, causing CRUS shares to drop below $30 by mid-November 2012. Company stock is currently trading at approximately $27 per share.

Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.

If you own CRUS shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Matthew M. Houston, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: [email protected]
Website: http://www.hfesq.com

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

Attorney Advertising. © 2013 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

SOURCE Harwood Feffer LLP


© PRNewswire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CIRRUS LOGIC, INC.
05/08CIRRUS LOGIC : to Present at Upcoming Conferences
BU
05/02CIRRUS LOGIC : Fiscal 4Q Earnings Snapshot
AQ
05/02CIRRUS LOGIC INC : Results of Operations and Financial Condition, Regulation FD ..
AQ
05/02CIRRUS LOGIC : Reports Q4 FY18 Revenue of $303.2 Million
BU
05/02CIRRUS LOGIC, INC. : Today's Research Reports on Trending Tickers: Cirrus Logic ..
AC
05/01Apple in charts before second-quarter earnings
RE
05/01Apple in charts before second quarter earnings
RE
04/27CIRRUS LOGIC, INC. : annual earnings release
04/04CIRRUS LOGIC : to Announce Q4 Results May 2
BU
04/03Global Digital Signal Processors Market Outlook 2018- Analog Devices, Freesca..
AQ
More news
News from SeekingAlpha
05/24Cirrus Logic's Perfect Storm 
05/18Cowen semiconductor initiation roundup 
05/17Stay Away From Apple Component Players - Cramer's Lightning Round (5/16/18) 
05/03Cirrus Logic Shareholder Letter - May 2, 2018 
05/03PREMARKET LOSERS AS OF 9 : 05 am (5/3/2018)