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Kendall Law Group Investigates Isilon Systems, Inc. Acquisition for Shareholders

^{Published on 2010-11-15 07:30:23 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating Isilon Systems, Inc. (NASDAQ: ISLN) for shareholders in connection with the proposed acquisition by EMC Corporation. The national securities firma™s investigation seeks to determine whether Isilon and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are an Isilon shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].

On November 15, 2010, the companies announced the definitive merger agreement under which Isilon would be acquired by EMC, in a transaction valued at approximately $2.25 billion. Under the terms of the agreement, Isilon stockholders will receive $33.85 in cash for each share of Isilon/ISLN common stock. Pre-market trading sent Isilon shares up to $34.10, or 25 cents more than the deal price. The firm believes the transaction may be undervaluing the company.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.