FUSION-IO SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Believe the Buyout of Fusion-io by SanDisk May be Unfair to Shareholders

DALLAS--(BUSINESS WIRE)--

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Fusion-io, Inc. (“Fusion”) FIO concerning the buyout by SanDisk. Under the terms of the agreement, which is valued at approximately $1.1 billion, Fusion shareholders will only receive $11.25 in cash for each share owned, well below the 52-week high of $15.59 and at least one analyst's estimated value of $16 per share.

If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to our investigation of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, via e-mail at shareholder@powerstaylor.com. There is no cost or fee to you.

“We are investigating whether the current buyout is fair to Fusion shareholders and whether the price offered is enough to compensate shareholders for the true inherent value of their stock. Our investigation also centers on whether Fusion's Board of Directors employed an adequate process to review and act on the proposed transaction,” said shareholder rights attorney Patrick Powers. Notably, at least one analyst with Yahoo! Finance believes the true inherent value of Fusion stock could be as high as $16 per share.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.