|[January 20, 2014]
DEADLINE TOMORROW: The Law Offices of Vincent Wong Notify Investors of FUSION-IO, INC. of Class Action Lawsuit
NEW YORK --(Business Wire)--
The Law Offices of Vincent Wong announce that a class action has
commenced on behalf of investors who purchased Fusion-IO, Inc.
("Fusion-IO" or the "Company") (NYSE:FIO) common stock between August
10, 2012 and October 23, 2013.
Click here to learn about the case: http://docs.wongesq.com/FIO-Info-Request-Form-145.
There is no cost or obligation to you.
The complaint alleges that the Company issued materially false and
misleading statements and/or failed to disclose material adverse facts
concerning the Company's business, operations, and prospects. In
particular, it is allegd that the Company misrepresented the following:
a) the Company's supposed position as a leader in the large-scale flash
memory application market; b) the level of competition it faced from the
commoditization of flash memory products; and c) the Company's ability
to anticipate demand.
On October 23, 2013, the Company announced its financial results for the
first quarter of the 2014 fiscal year, revoking its prior revenue
guidance and further announcing its expected gross margin in 2014 would
fall significantly. Fusion-IO also announced that its Chief Financial
Officer and Chief Sales Officer were both leaving the Company. Upon this
news, shares of Fusion-IO fell from a price of $12.98 per share to a
close of $9.82 per share the following business day.
Shareholders of Fusion-IO have until January 21, 2014, to seek
appointment as lead plaintiff. Your ability to share in any recovery
doesn't require that you serve as lead plaintiff. To obtain additional
information, contact Vincent Wong, Esq. either via email email@example.com,
by telephone at 212.425.1140, or visit http://docs.wongesq.com/FIO-Info-Request-Form-145.
Vincent Wong, Esq. is an experienced attorney that has represented
investors in securities litigations involving financial fraud and
violations of shareholder rights. Attorney advertising. Prior results do
not guarantee similar outcomes.
[ Back To Technology News's Homepage ]