Levi & Korsinsky is investigating the Board of Directors of Isilon Systems, Inc. for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to EMC Corporation.
New York, NY, November 16, 2010 – Levi & Korsinsky is investigating the Board of Directors of Isilon Systems, Inc. (“Isilon” or the “Company”) (NasdaqGM: ISLN) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to EMC Corporation (“EMC”) (NYSE: EMC). Under the terms of the transaction, Isilon shareholders will receive $33.85 per share in cash for each share they own for a total transaction value of approximately $2.25 billion, net of Isilon’s existing cash balance. The boards of directors of both EMC and Isilon have unanimously approved the terms of the agreement.
Click here to learn how to join the action: http://www.zlk.com/isilon-systems-isln.html, or call: 877-363-5972.
The investigation concerns whether the Isilon Board of Directors breached their fiduciary duties to Isilon stockholders by failing to adequately shop the Company before entering into this transaction and whether EMC is underpaying for Isilon shares, thus unlawfully harming Isilon stockholders.
If you own common stock in Isilon and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/isilon-systems-isln.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. 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 litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below.
Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street – 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Toll Free: (877) 363-5972, Fax: (212) 363-7171, www.zlk.com
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Contact:
Jared Morine
Levi & Korsinsky, LLP
New York, NY
212-363-7500
[email protected]
