SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors with Losses on Their Investment in Cirrus Logic, Inc. of Class Action

 SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors with Losses on Their
 Investment in Cirrus Logic, Inc. of Class Action Lawsuit and the Deadline of
               April 5, 2013 to Seek a Lead Plaintiff Position

PR Newswire

NEW YORK, March 19, 2013

NEW YORK, March 19, 2013 /PRNewswire/ --Levi & Korsinsky announces that a
class action lawsuit has commenced in the United States District Court for the
Southern District of New York on behalf of investors who acquired Cirrus
Logic, Inc. ("Cirrus" or "the Company") (Nasdaq: CRUS) stock between July 31,
2012 and October 31, 2012.


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The complaint alleges that during the Class Period, defendants issued
materially false and misleading statements regarding the Company's financial
performance and prospects. In particular, it is alleged that defendants knew
but concealed the following during the Class Period: (a) that the Company's
dependence on Apple, Inc. for revenues was increasing rather than diminishing;
(b) Cirrus's sales growth was falling rather than increasing; (c) difficulties
in Cirrus's supply chain and at its vendors were increasing costs and
diminishing the Company's profit margins; (d) the launch of several models of
Cirrus's new LED lighting had been delayed; and (e) as a result of the
aforementioned, defendants knew Cirrus's increased fiscal 2013 guidance was
not attainable.

On October 31, 2012, Cirrus issued significantly lower guidance than was
expected for fiscal 2013. In response to the Company's announcement, Cirrus
stock fell from a close of $40.78 per share to $36.14 a share on November 1,

If you suffered a loss in Cirrus you have until April 5, 2013  to request that
the Court appoint you as lead plaintiff. Your ability to share in any
recovery doesn't require that you serve as a lead plaintiff. To obtain
additional information, contact Joseph E. Levi, Esq. either via email at or by telephone at (877) 363-5972, or visit

Levi & Korsinsky is a national firm with offices in New York, New Jersey, and
Washington D.C. The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors throughout the
nation in securities and shareholder lawsuits. Attorney advertising. Prior
results do not guarantee similar outcomes.

Levi & Korsinsky, LLP
Joseph Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510

SOURCE Levi & Korsinsky

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