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SOURCE Morgan & Morgan
NEW YORK, June 19, 2014 /PRNewswire/ -- Morgan & Morgan announces that it is investigating potential claims against the board of directors of Fusion-io, Inc. ("Fusion-io" or the "Company") (NYSE: FIO) concerning possible breaches of fiduciary duty and other violations of law related to Fusion-io's efforts to sell the Company to SanDisk Corporation in a transaction valued at approximately $1.1 billion.
Under the terms of the agreement, shareholders of Fusion-io will receive $11.25 in cash for each share of Fusion-io they own.
Our investigation concerns possible breaches of fiduciary duty and other violations of law by Fusion-io's Board of Directors for not acting in the best interest of the Company's shareholders in connection with the sale process.
Morgan & Morgan is one of the nation's largest 200 law firms. In addition to securities fraud, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability. All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."
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Morgan & Morgan
Peter Safirstein, Esq.
28 West 44th Street
New York, NY 10036
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