The Law Firm of Weiss & Lurie Investigates SRS Labs, Inc.

Weiss & Lurie, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of SRS Labs, Inc. (Nasdaq: SRSL) arising from its agreement for SRS to be acquired by DTS, Inc. (Nasdaq: DTSI). Under the terms of the acquisition agreement, SRS shareholders may elect to receive either $9.50 in cash or a fixed ratio of 0.31127 DTS shares for each SRS share. The transaction is expected to close in the third quarter of 2012.

Weiss & Lurie is investigating whether the SRS Board acted in the best interests of shareholders in approving this deal. As part of the deal, following the close of the acquisition, Thomas C.K. Yuen, SRS’s chairman, CEO and president, is expected to join the DTS board. Yuen and his affiliates, who hold approximately 20% of the outstanding SRS shares, have entered into an agreement to vote all of their shares in favor of the proposed acquisition, thereby diluting the shareholder vote.

Notably, SRS recently reported that it “achieved record revenues for the third consecutive year” with 11% increase to $3.3 million. Indeed, SRS stock traded above the offer price as recently as July 2011 and at least one analyst set the Company’s price target at $10.00 per share prior to the deal’s announcement.

If you own SRS shares and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Julia J. Sun either by telephone at (888) 593-4771 or by email at info@weisslurie.com.

Weiss & Lurie has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing, consumer fraud, or anti-trust violations, please email us at info@weisslurie.com or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.

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