BALA CYNWYD, Pa., June 16, 2014 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Fusion-io
("Fusion-io" or the "Company") (NYSE: FIO) relating to the proposed
acquisition by SanDisk Corporation. ("SanDisk").
Click here to learn more about the investigation
http://brodsky-smith.com/768-fio-fusion-io-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Fusion-io shareholders will
receive only $11.25 in cash for each
share of Fusion-io stock they own. The investigation concerns
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Fusion-io for not acting in the
Company's shareholders' best interests in connection with the sale
process. The transaction may undervalue Fusion-io and will result
in a loss for many long term Fusion-io shareholders. For example,
Fusion-io stock traded at $32.03 on
October 5, 2012 and traded at
$12.27 as recently as March 12, 2014. In addition, an analyst has set a
$16.00 per share price target on
Fusion-io stock.
If you own shares of Fusion-io common stock and wish to discuss
the legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com by visiting
http://brodsky-smith.com/768-fio-fusion-io-inc.html, or calling
toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
SOURCE Brodsky & Smith, LLC
