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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector 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 CET

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: bsachsmichaels@hfesq.com
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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CIRRUS LOGIC, INC.
02/24 CIRRUS LOGIC : GRAPHIC Cirrus Logic MasterHIFI Audio DAC Brings Recording Studio..
02/14 CIRRUS LOGIC : CORRECTING and REPLACING GRAPHIC Cirrus Logic MasterHIFI Audio DA..
02/02 CIRRUS LOGIC, INC. : Global Semiconductor Sales Trending Upwards: Today's Report..
02/01 CIRRUS LOGIC : tops Street 3Q forecasts
02/01 CIRRUS LOGIC INC : Results of Operations and Financial Condition, Regulation FD ..
02/01 CIRRUS LOGIC : Reports Q3 Revenue of $523 Million
02/01 CIRRUS LOGIC : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND R..
02/01 CIRRUS LOGIC : How These Semiconductor Stocks are Faring? -- Canadian Solar, Sun..
01/27CIRRUS LOGIC, INC. : quaterly earnings release
01/19 CIRRUS LOGIC : Patent Issued for Multi-Path Analog Front End and Analog-To-Digit..
More news
Sector news : Integrated Circuits
02/24DJMARKET SNAPSHOT : Dow Poised To Snap Record-setting Streak, As Stock Futures Slu..
02/24DJMARKET SNAPSHOT : Dow Poised To Snap Record-setting Streak, As Stock Futures Slu..
02/24DJMARKET SNAPSHOT : Dow Poised To Break 10-day String Of Record Closes
02/22 Arris nears deal to acquire Brocade's networking business - sources
02/16 Siemens to separate Mechanical Drives business
More sector news : Integrated Circuits
News from SeekingAlpha
02/15 The Arduous Task Of Predicting Cirrus Logic's FY-18 Financial Performance
02/02 TECHNOLOGY - TOP GAINERS / LOSERS AS : 00 pm
02/02 PREMARKET GAINERS / LOSERS AS OF 9 : 10 am
02/01 Cirrus Logic (CRUS) Q3 2017 Results - Earnings Call Transcript
02/01 After Hours Gainers / Losers