INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors of Overland Storage, Inc. of Class Action Against Its Board of Direc...
June 02 2014 - 2:00PM
Levi & Korsinsky notifies investors of Overland Storage, Inc.
("Overland Storage" or "the Company") (Nasdaq:OVRL) of claims of
breaches of fiduciary duty and other violations of state law
against the board of directors of the Company in connection with
the sale of the Company to Sphere 3D Corporation ("Sphere 3D"). A
complaint was filed in California state court.
Click here to learn more about the case:
http://zlk.9nl.com/overland-storage-ovrl, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Overland Storage
shareholders will receive 0.510594 shares of Sphere 3D for each
share of Overland Storage stock they own, subject to certain
potential adjustments; this represents an approximate value of
$4.43 per share. The claims concern whether the Overland Storage
Board of directors breached their fiduciary duties to stockholders
by failing to adequately shop the Company before agreeing to enter
into this transaction, and whether Sphere 3D is underpaying for
Overland Storage shares.
If you own Overland Storage common stock and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/overland-storage-ovrl.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm's 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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