Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by certain officers and directors at DynaVox Inc. ("DynaVox" or the "Company") (NASDAQ: DVOX). 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. DynaVox was founded in 1983 and is headquartered in Pittsburgh, Pennsylvania.
Robbins Umeda LLP's investigation concerns whether the Company's directors and officers damaged DynaVox by causing or allowing it to issue materially false and misleading statements regarding the Company's business and financial prospects. Specifically, our investigation concerns whether certain of DynaVox's directors and officers failed to disclose that the Company was experiencing a softening of demand for its speech generating devices and for its software products.
On September 30, 2010, the Company issued a press release commenting on its first quarter fiscal year 2011 results. In this press release, DynaVox disclosed that operating results for the fiscal first quarter would not be consistent with historical performance due to a decrease in demand for both its speech generating devices and software products. Upon this news, DynaVox's value fell approximately 33%, or $2.68 per share, from a closing price of $8.12 per share on September 30, 2010, to a closing price of $5.44 per share on October 1, 2010.
If you are a shareholder of DynaVox, plan to continue to hold your shares, and would like more information about your rights as a shareholder, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at firstname.lastname@example.org.Robbins Umeda LLP is a securities litigation firm, which has significant experience representing investors in shareholder derivative actions, securities fraud class actions, and merger-related shareholder class actions. For more information about the firm, please go to http://www.robbinsumeda.com.