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

Wed Feb 6, 2013 8:30pm EST

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

LOS ANGELES--(Business Wire)--
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 prospects. 

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 attainable. 

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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