FUSION-IO SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Fusion-IO, Inc. (FIO) Over the Proposed Sale...
17 June 2014 - 1:45AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Fusion-IO, Inc.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Fusion-IO, Inc.
(“Fusion-IO” or the “Company”) (FIO) for potential breaches of
fiduciary duties in connection with the sale of the Company to
SanDisk Corporation (SNDK) for approximately $1.1 billion. The
Company’s stockholders will only receive $11.25 for each share of
Fusion-IO common stock they own. However, at least one analyst has
set a price target of $16.00 for shares of the Company, and the
Company’s shares were trading as high as $15.59 over the past
year.
Cick here for more information:
www.faruqilaw.com/FIO. There is no cost or
obligation to you.
The investigation focuses on whether Fusion-IO’s Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct a fair sales process and whether
and by how much this proposed transaction undervalues the Company
to the detriment of Fusion-IO’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
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If you own common stock in Fusion-IO and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/FIO or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2014 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: 877-247-4292Phone:
212-983-9330
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