… Ryan & Maniskas …

Not acting in company's shareholders' best interests

This is a Press Release edited by StorageNewsletter.com on June 18, 2014 at 2:50 pm

Ryan & Maniskas, LLP is investigating potential claims against the board of directors of Fusion-IO, Inc. concerning possible breaches of fiduciary duty and other violations of law related to the company’s efforts to sell the company to SanDisk Corporation for approximately $1.1 billion.

Under the terms of the agreement, shareholders of Fusion-IO would receive $11.25 for each share of Fusion-IO common 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.