Lawsuit Overview
May 21, 2012 (Shareholders Foundation) -- An investor in NASDAQ:SRSL shares filed a lawsuit against directors of SRS Labs, Inc. in effort to block the proposed takeover of SRS Labs, Inc.by DTS, Inc. at a value of $9.50 per NASDAQ:SRSL share. The plaintiff alleges the defendants breached their fiducary duties owed to NASDAQ:SRSL stockholders arising out of the attempt to sell SRS Labs...
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