NEW YORK, Nov. 6, 2008 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") announces that a class action lawsuit has been filed on behalf of all persons who purchased the common stock of Cadence Design Systems, Inc. ("Cadence" or the "Company") (Nasdaq:CDNS) between April 23, 2008 and October 22, 2008 (the "Class Period"). The class action lawsuit was filed in the United States District Court for the Northern District of California. The Complaint alleges that during the Class Period, the defendants misrepresented Cadence's financial performance and prospects, overstated its revenues, and caused it to file false and misleading financial statements with the SEC. If you purchased Cadence common stock during the Class Period and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/cdns.html
L&K has experience in prosecuting investor securities litigation and an extensive practice in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.