Morgan & Morgan Investigates On Sale of Fusion-io

Morgan & Morgan is investigating potential claims against the board of directors of Fusion-io, Inc. 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.

The 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.