May 27, 2015 - The court entered a final judgement in favor of the defendants and dismissed the case with prejudice.
February 12, 2015 - The court granted the defendants' motion to dismiss and granted the lead plaintiff leave to file an amended complaint.

September 22, 2014 - The defendants filed a motion to dismiss.

August 6, 2014 - The lead plaintiff filed an amended consolidated complaint on behalf of investors who purchased FIO common shares between October 25, 2012 and October 23, 2013. The lead plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between October 25, 2012 and October 23, 2013.

June 10, 2014 - The lead plaintiff and lead counsel were appointed and all cases were consolidated.

January 21, 2014 - Lead plaintiff motions were filed.

November 26, 2013 - Another investor filed a complaint.

November 19, 2013 - An investor in shares of Fusion-io Inc (NYSE: FIO) filed a lawsuit in the U.S. District Court for the Northern District of California against Fusion-io Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between August 10, 2012 and October 23, 2013.

According to the complaint the plaintiff alleges on behalf of all persons or entities who purchased or otherwise acquired Fusion-io Inc (NYSE: FIO) between August 10, 2012 and October 23, 2013, that Fusion-io Inc and certain of its senior executives violated the Securities Exchange Act of 1934.

More specifically, the plaintiff alleges that the defendants misrepresented to investors that Fusion-io Inc 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, that defendants also issued positive revenue guidance and misrepresented that Fusion-io Inc was able to anticipate the demand from its strategic customers based on its years of experience as their flash memory supplier, and that as a result of defendants' statements and omissions, Fusion-io Inc's securities traded at artificially inflated prices between August 10, 2012 and October 23, 2013.

On May 8, 2013, Fusion-io Inc announced management changes. Fusion-io Inc said its CEO and President resigned and was replaced effective immediately. Shares of Fusion-io Inc (NYSE: FIO) declined from $18.08 per share on May 7, 2013, to $13.21 per share on May 8, 2013.

On August 7, 2013, Fusion-io Inc reported its fourth quarter and fiscal year 2013 results. Fusion-io Inc’s Total Revenue increased from $197.20 million for the 12 months period that ended on June 30, 2011 to $432.39 million for the 12 months period that ended on June 30, 2013, while its Net Income of $4.55 million for the 12 months period that ended on June 30, 2011 declined to a Net Loss of $38.23 million for the 12 months period that ended on June 30, 2013. Shares of Fusion-io Inc (NYSE: FIO) declined from $15.46 per share on August 7, 2013, to $10.395 per share on August 21, 2013.

On October 23, 2013, Fusion-io Inc reported its fiscal first quarter 2014 results. Among other things, Fusion-io Inc announced that its chief financial officer and executive vice president is leaving the Company and that its chief sales officer and executive vice president is retiring from the company. Shares of Fusion-io Inc (NYSE: FIO) declined from $14.15 per share on October 21, 2013, to $9.46 per share on October 25, 2013.

On November 19, 2013, Fusion-io Inc (NYSE :FIO) shares closed at $10.03 per share.