Glancy Binkow & Goldberg LLP Announces Investigation of Cirrus Logic, Inc.

  Glancy Binkow & Goldberg LLP Announces Investigation of Cirrus Logic, Inc.

Business Wire

LOS ANGELES -- February 6, 2013

Glancy Binkow & Goldberg LLP announces that it is investigating potential
claims on behalf of purchasers of the common stock of Cirrus Logic, Inc.
(“Cirrus” or the “Company”) (NASDAQ:CRUS) between July 31, 2012 and October
31, 2012 concerning possible violations of federal securities laws. The
investigation focuses on allegations that certain statements issued by Cirrus
were false and misleading concerning the Company’s business and financial

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 investigation is related to allegations that the Company
misrepresented 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

If you purchased Cirrus common stock between July 31, 2012 and October 31,
2012, if you have information or would like to learn more about these claims,
or if you wish to discuss these matters or have any questions concerning this
announcement or 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, or visit our website at

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
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