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DALLAS--([ BUSINESS WIRE ])--Former United States Securities and Exchange Commission attorney [ Willie Briscoe ] and the securities litigation firm of [ Powers Taylor, LLP ] are investigating the sale of [ SRS Labs, Inc ]. (aSRSa) (NASDAQ: SRSL) to DTS, Inc. for shareholders. Under the proposed buyout, SRS shareholders will receive $9.50 in cash for each share of SRS stock owned, well below the 52 week high of $10.14 per share.

"Based on the lack of a significant premium to SRS shareholders, and other factors, the firms are investigating whether the buyout price is fair to SRS shareholders. Our proposed shareholder lawsuit seeks to obtain additional value for shareholders than what is proposed in the current buyout offer."

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.

The definitive merger agreement is a cash-and-stock transaction with a total equity value of approximately $148 million, including acquired net cash of approximately $38 million. The transaction is expected to close in the third quarter of 2012.

The investigation centers on whether SRS shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues SRSas stock, and whether SRSas board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to Yahoo! Finance, at least one analyst has stated that the true inherent value of SRS may be as high as $10.00 per share, far higher than the current price being offered to shareholders. According to shareholder rights attorney Willie Briscoe, aBased on the lack of a significant premium to SRS shareholders, and other factors, the firms are investigating whether the buyout price is fair to SRS shareholders. Our proposed shareholder lawsuit seeks to obtain additional value for shareholders than what is proposed in the current buyout offer."

[ The Briscoe Law Firm, PLLC ] is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

[ Powers Taylor, LLP ] is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.