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Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of Isilon Systems, Inc. - ISLN

^{Published on 2010-11-18 15:10:37 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Isilon Systems, Inc. (aIsilona or the aCompanya) (NASDAQ: ISLN) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to EMC Corp. (NYSE: EMC). The proposed transaction offers Isilon shareholders to only receive $33.85 per share in cash. The transaction is valued at approximately $2.25 billion.

Request more information now by clicking here: [ www.faruqilaw.com/ISLN ]

Whether the Isilona™s Board of Directors breached their fiduciary duties to Isilona™s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Isilona™s shares and by how much this proposed transaction undervalues the Company to the detriment of Isilon shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firma™s clients.

If you own common stock in Isilon and wish to obtain additional information, please visit us at [ www.faruqilaw.com/ISLN ] or contact Juan E. Monteverde, Esq. either via e-mail at [ jmonteverde@faruqilaw.com ] or by telephone at (877) 247-4292 or (212) 983-9330.

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