… Faruqi & Faruqi …

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a national securities firm headquartered in New York City, is investigating the board of directors of Fusion-IO, Inc. for potential breaches of fiduciary duties in connection with the sale of the company to SanDisk Corporation for approximately $1.1 billion.

The company’s stockholders will only receive $11.25 for each share of Fusion-IO common stock they own. However, at least one analyst has set a price target of $16.00 for shares of the company, and the company’s shares were trading as high as $15.59 over the past year.

The investigation focuses on whether Fusion-IO’s board of directors breached their fiduciary duties to the company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the company to the detriment of Fusion-IO’s shareholders.