NEW YORK, April 19, 2012 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of SRS Labs, Inc.
("SRS Labs" or the "Company") (Nasdaq: SRSL) for possible breaches
of fiduciary duty and other violations of state law 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.
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Click here to learn how to join the action:
http://www.zlk.com/srs-labs-srsl, or call: 877-363-5972. There is
no cost or obligation to you.
The investigation concerns 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://www.zlk.com.
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
SOURCE Levi & Korsinsky, LLP