… Harwood Feffer …

Concerning whether Fusion-io board is fulfilling fiduciary duties

This is a Press Release edited by StorageNewsletter.com on June 18, 2014 at 2:52 pm

Harwood Feffer LLP is investigating potential claims against the board of directors of Fusion-io, Inc. concerning the proposed acquisition of the company by SanDisk Corp.

Under the terms of the transaction, the SanDisk will purchase Fusion-io in a transaction valued at approximately $1.1 billion. Fusion-io shareholders will receive $11.25 in cash for each share of Fusion-io owned.

The investigation concerns whether the Fusion-io board of directors is fulfilling its fiduciary duties, maximizing the value of the company, disclosing all material benefits and costs, and obtaining full and fair consideration for company unit holders.