|[December 10, 2013]
Glancy Binkow & Goldberg Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Fusion-io, Inc.
LOS ANGELES --(Business Wire)--
Binkow & Goldberg LLP announces that all purchasers of the
securities of Fusion-io,
Inc. ("Fusion-io (News - Alert)" or the "Company") (NYSE: FIO) between August 10,
2012 and October 23, 2013, inclusive (the "Class Period"), have until
January 21, 2014, to file a motion to be appointed as lead plaintiff in
the shareholder lawsuit filed in the United States District Court for
the Northern District of California.
A COPY OF THE COMPLAINT
IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE
CONTACT US AT (212) 682-5340, TOLL-FREE AT (888) 773-9224, OR AT SHAREHOLDERS@GLANCYLAW.COM
TO DISCUSS THIS MATTER. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR
MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.
Fusion-io designs and manufactures memory storage solutions using flash
memory technology, primarily for a limited number of strategic
customers, including Facebook (News - Alert), Inc. and Apple, Inc. The Complaint
alleges that during the Class Period the defendants misrepresented to
investors that the Company was a market leader in large-scale flash
memory applications and was not facing any competitive pressure or risk
from the commoditization of flash memory products, and also
misrepresented that the Company was able to anticipate the demand from
its strategic customers based on its years of experience as their flash
On January 30, 2013, the Company announced that it no longer anticipated
achieving its previously issued revenue guidance for fiscal year 2013,
citing a temporary two-quarter shift in the timing of purchases from
Facebook and Apple (News - Alert). Then, on October 23, 2013, the Company revoked its
prior revenue guidance and announced that its expected gross margin in
2014 would fall significantly. The Company also announced that the Chief
Financial Officer and Chief Sales Officer were leaving the Company.
If you have any questions concerning this Notice or your rights or
interests with respect to these matters, please contact Michael
Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century
Park East, Suite 2100, Los Angeles, California 90067, Toll-Free at (888)
773-9224, or contact Gregory
Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd
Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by
e-mail to email@example.com,
or visit our website at http://www.glancylaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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