Shareholder Lawsuit Concerning the Acquisition of Zoran Corp. and Support by Leading Proxy Advisory Firm to Changes of Zoran Board Announced by Tripp Levy PLLC

Tripp Levy PLLC, a leading national securities law firm, announces that a lawsuit on behalf of shareholders of Zoran Corporation ("Zoran” or the "Company”) (NasdaqGS:ZRAN) was filed in connection with the sale of the Company to CSR PLC ("CSR”) (LSE:CSR.L.l - News). The proposed all-stock transaction offers Zoran shareholders 1.85 ordinary shares of CSR in the form of American Depository Shares - worth $13.03 as of Friday, Feb. 18, 2011 - for each share of Zoran.

The lawsuit alleges, among other things, that the consideration to be paid to Zoran shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of Zoran. The lawsuit further alleges that the board of directors of Zoran breached their fiduciary duties by not acting in Zoran shareholders' best interests in connection with the sale process of Zoran. Indeed, Institutional Shareholder Services (ISS), the leading independent proxy voting advisory and risk management consulting firm to the global financial community, has recommended that shareholders of Zoran Corporation consent to remove three incumbent directors of Zoran and elect Ramius LLC (a 9.3% owner of Zoran stock) nominees.

If you own Zoran common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact

Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States.

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