Levi & Korsinsky, LLP Launches Investigation of FUSION-IO, INC. for Possible Violations of the Federal Securities Laws

Business Wire

NEW YORK--(BUSINESS WIRE)--

Levi & Korsinsky is investigating Fusion-io, Inc. (“Fusion-io”) (FIO) for possible securities law violations arising out of the conduct of the Company's insiders during the 2013 fiscal year.

Click here to learn more about the investigation: http://zlk.9nl.com/fusion-io-fio/ or call: 877-363-5972. There is no cost or obligation to you.

On October 23, 2013, Fusion-io reported a loss of $27.9 million for the most recent quarter, and announced revenue was down 27%. The Company also announced that CFO Dennis Wolf is leaving the Company, while sales chief James Dawson is retiring. Shares of Fusion-io plummeted more than 24% the following day. The investigation concerns whether, and to what extent, any of the Company's insiders were aware of Fusion-io's weakening business condition prior to the October 23 announcement, whether they manipulated its financial results, and whether any Company insiders sold Company stock at artificially inflated prices.

If you own Fusion-io stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/fusion-io-fio/.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Tel: 212-363-7500
Toll Free: 877-363-5972
Fax: 866-367-6510
www.zlk.com

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