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--(business wire)--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 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, 2012. 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 jlevi@zlk.com or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/cirrus-logic-crus/. 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.
CRUS Ratings Summary
CRUS Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission