All COE-based products, such as CAS, Management Center or Reporter 10.x and later versions may hit this issue when the storage is SAN based. We have so far seen this issue with storage made by Netapp and Pure.
COE based products use EFI firmware. The size of the IO being passed is overflowing the queue on the storage system, leading to latency. As a result when booting up, the VM fails to find the necessary disk files needed to boot the image.
This issue is well documented here with EMC storage: