INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Fusion-IO, Inc. & Its Board of Directors In Connection With ...
17 June 2014 - 12:45AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Fusion-IO, Inc. (“Fusion-IO” or “the Company”) (NYSE:FIO) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to SanDisk
Corporation (NasdaqGS:SNDK).
Click here to learn more about the investigation:
http://zlk.9nl.com/fusionio, or call: 877-363-5972. There is
no cost or obligation to you.
Under the terms of the transaction, Fusion-IO shareholders will
receive $11.25 in cash for each share of Fusion-IO stock they own.
The investigation concerns whether the Fusion-IO Board of directors
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into this
transaction, and whether SanDisk Corporation is underpaying for
Fusion-IO shares. In particular, at least one analyst set a price
target for Fusion-IO stock at $16.00 per share.
If you own Fusion-IO common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit http://zlk.9nl.com/fusionio.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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