… Levi & Korsinsky …

Levi & Korsinsky LLP is investigating the board of directors of Fusion-IO, Inc. for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the company to SanDisk Corporation.

Under the terms of the transaction, Fusion-IO shareholders will receive $11.25 in cash for each share of Fusion-IO stock they own.

The investigation concerns whether the Fusion-IO board of directors breached their fiduciary duties to stockholders by failing to adequately shop the company before agreeing to enter into this transaction, and whether SanDisk Corporation is underpaying for Fusion-IO shares. In particular, at least one analyst set a price target for Fusion-IO stock at $16.00 per share.