Investigation on EMC/Isilon Deal by Abe Shainberg …

The Law Office of Abe Shainberg is investigating the Board of Directors of Isilon Systems, Inc. for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to EMC Corporation.

Under the terms of the transaction, Isilon shareholders will receive $33.85 per share in cash per share for a total transaction value of approximately $2.25 billion, net of Isilon’s existing cash balance. The boards of directors of both EMC and Isilon have unanimously approved the terms of the agreement.

The investigation concerns whether the Isilon Board of Directors breached their fiduciary duties to Isilon stockholders by failing to adequately shop the Company before entering into this transaction and whether EMC is underpaying for Isilon shares.