latest news releases from the newsroom
Levi & Korsinsky, LLP
Levi & Korsinsky, LLP Investigates Breach of Fiduciary Duty by the Board of Data Domain, Inc.
NEW YORK, June 3, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating breaches of fiduciary duty and other violations of state law by the Board of Directors of Data Domain, Inc. ("Data Domain" or the "Company") (Nasdaq:DDUP). On May 20, 2009, Data Domain agreed to sell the Company to NetApp Inc. (Nasdaq:NTAP) for cash and stock valuing Data Domain shares at approximately $25. The sales process the Company conducted was flawed given that, in contravention of their fiduciary duties to maximize shareholder value, the Board failed to fully shop the Company to entities that it knew would be interested in acquiring the Company. In fact, on June 2, 2009, EMC Corp. announced that it offered $30 per share in cash for the Company. Instead of conducting an open and fair sales process, the Board agreed to sell the Company to NetApp for an unfair price and terminated the sales process by agreeing to a "no-shop" provision and a $57 million termination fee. If you own common stock in Data Domain and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/ddup1.html.
Purple Communications, Inc.
Purple Communications(TM) Launches Dream Bigger Initiative Celebrating the Stories, Culture, and Heritage of America's Deaf and Hard-of-Hearing Community
NOVATO, Calif., June 3, 2009 -- Purple Communications(TM), Inc. ("Purple") (Nasdaq:PRPL), one of the nation's leading providers of text and video relay and on-site interpreting services, today announced 'Dream Bigger,' an initiative that highlights, acknowledges, and celebrates Deaf culture and achievement in America. The Company will honor 10 trailblazers in the Deaf Community from across the country that have had tremendous impact in the areas of sports, civil rights, politics, business, language, community, medicine, art, and education.