The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of SRS

Thu May 3, 2012 10:15am EDT

* Reuters is not responsible for the content in this press release.

  NEW YORK, NY, May 03 (Marketwire) -- 
Levi & Korsinsky notifies investors of SRS Labs, Inc. ("SRS Labs" or the
"Company") (NASDAQ: SRSL) of claims of breaches of fiduciary duty and
other violations of state law against the board of directors of the
Company in connection with the sale of the Company to DTS, Inc. (NASDAQ:
DTSI). Under the terms of the agreement, SRS Labs shareholders may elect
to receive either $9.50 or 0.31127 shares of DTS common stock for each
share of SRS Labs common stock they own. Shareholders representing
approximately 20% of the outstanding SRS Labs shares have agreed to
tender their shares. A complaint was filed in Delaware state court.

    Click here to learn how to join the action:
http://zlk.9nl.com/srs-labs-srsl, or call: 877-363-5972. There is no cost
or obligation to you.

    The claims concern whether the SRS Labs Board of Directors breached their
fiduciary duties to SRS Labs stockholders by failing to adequately shop
the Company before entering into this transaction and whether DTS, Inc.
is underpaying for SRS Labs shares, thus unlawfully harming SRS Labs
stockholders. In particular, at least one analyst set a price target for
SRS Labs stock at $10.00 per share.

    If you own common stock in SRS Labs and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or http://zlk.9nl.com/srs-labs-srsl. 

    Levi & Korsinsky is a national firm with offices in New York 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. The
attorneys at Levi & Korsinsky have been appointed by numerous courts
throughout the country to serve as lead counsel on behalf of shareholders
in major securities lawsuits and have successfully recovered
multimillion-dollar damages awards on behalf of investors. For more
information, please feel free to contact any of the attorneys listed
below. Attorney advertising. Prior results do not guarantee similar
outcomes.

    

CONTACT: 
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor 
New York, NY 10004 
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com 

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