What is the basis for all the lawsuits involving Cirrus?
There is no lawsuit at this time -- there are not many lawsuits .
It's a fishing expedition by half a dozen firms trying to drum up enough dollar value for a firm to be appointed the lead firm.
If they do not get enough to make it worth their time by April 5th then it goes away.
If they do a case will move to the next step and a single firm will be appointed the lead role on the case...
Sentiment: Strong Buy
Thanks for the response and clarification, MK.
lol i was gonna say you cant really have a basis for a baseless lawsuit :P
The price fell, and when that happens they file and then try to find a reason in something that was said.
If you read the allegations they are useless. Accuse management for low guidance(from oct quarter) and allege they should have revealed that aapl was such a large customer of their total business. Makes no sense at all.