SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Overland
Storage, Inc. In Connection With the Sale of the Company
BALA CYNWYD, Pa. -- May 20, 2014
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Overland Storage, Inc.
(“Overland Storage” or the “Company”) (Nasdaq: OVRL) relating to the proposed
acquisition by Sphere 3D Corporation (“Sphere 3D”).
Click here to learn more about the investigation
http://brodsky-smith.com/760-ovrl-overland-storage-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Overland will receive only 0.510594 shares
of Sphere 3D stock for each share of Overland Storage stock they own. The
transaction values Overland Storage at approximately $4.43 per share. The
investigation concerns possible breaches of fiduciary duty and other
violations of state law by the Board of Directors of Overland Storage for not
acting in the Company’s shareholders' best interests in connection with the
The transaction may undervalue Overland Storage and will result in a loss for
many long term holders of Overland Storage stock. Overland Storage stock
traded at $5.54 per share as recently as February 12, 2014 and traded at
$11.40 per share on July 27, 2012. In addition, an analyst has set a $15.00
per share price target for Overland Storage.
If you own shares of Overland Storage common stock and wish to discuss the
legal ramifications of the investigation, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will, without
obligation or cost to you, attempt to answer your questions. You may contact
Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC,
Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at
email@example.com, by visiting
http://brodsky-smith.com/760-ovrl-overland-storage-inc.html, or calling toll
Brodsky & Smith, LLC is a litigation law firm with extensive expertise
representing shareholders throughout the nation in securities and case action
lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous
courts throughout the country to serve as lead counsel in class actions and
successfully recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar outcome.
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
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