… Levetown & Jenkins …

Levetown & Jenkins, LLP is conducting an investigation into alleged breaches of fiduciary duties and violations of state law by Isilon Systems, Inc. and its Board of Directors in conjunction with the proposed buyout and acquisition of Isilon by EMC Corporation. Under the terms of a definitive merger agreement announced on November 15, 2010, EMC will pay $33.85 per share in cash in exchange for each share of Isilon for an aggregate purchase price of approximately $2.25 billion, net of Isilon’s existing cash balance. The transaction is expected to close late this year.

The firm’s investigation concerns whether the proposed acquisition properly values Isilon. Specifically, the investigation seeks to determine whether the Isilon Board of Directors engaged in a fair process to obtain adequate consideration for all of the company’s shareholders, whether the transaction undervalues the company to the detriment of its shareholders and, if so, the extent to which the company is undervalued in the proposed transaction.