UPCOMING DEADLINE: 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
NEW YORK -- April 3, 2013
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.
For more information, click here: http://zlk.9nl.com/cirrus-logic-crus/.
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
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 email@example.com 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.
Toll Free: 877-363-5972
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