Glancy Binkow & Goldberg LLP, Representing Investors Who Purchased DynaVox, Inc., Announces Class Action Lawsuit And Seeks To Recover Losses
Notice is hereby given that Glancy Binkow & Goldberg LLP has filed a class action lawsuit in the United States District Court for the Western District of Pennsylvania on behalf of a class (the “Class”) consisting of all persons or entities who purchased the securities of DynaVox, Inc. (“DynaVox” or the “Company”) (NASDAQ:DVOX) pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with the Company’s April 21, 2010, initial public offering (the “IPO”).
A copy of the Complaint is available from the court or from Glancy Binkow & Goldberg LLP. Please contact us by phone to discuss this action or to obtain a copy of the Complaint at (310) 201-9150 or Toll Free at (888) 773-9224, by email at firstname.lastname@example.org, or visit our website at http://www.glancylaw.com.
The Complaint charges DynaVox and certain of the Company’s executive officers, among others, with violations of federal securities laws. DynaVox designs, manufactures, and distributes electronic and symbol-based augmentative communication equipment, software, and services. The Company offers speech generating technology and special education software solutions for individuals with speech, language, physical or learning disabilities. The Complaint alleges that defendants issued materially false and misleading statements concerning DynaVox’s business, operations and financial prospects. Specifically, defendants misrepresented and/or failed to disclose that: (1) the Company was experiencing a softening of demand for its speech generating devices and for its software products; and (2) as a result, the weak demand for the Company’s products would cause DynaVox’s financial results to trend adversely compared to the trends included in the Registration Statement.
On September 30, 2010, DynaVox issued a press release commenting on the Company’s first quarter fiscal 2011 results and disclosed that “the Company experienced a softening of demand for both its speech generating devices and software products. As a result, operating results for the fiscal first quarter will not be consistent with historical performance or indicative of what management believes to be the Company’s long-term future operating potential.”
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