INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Overland
Storage, Inc. and Its Board of Directors In Connection With the Sale of the
Company to Sphere 3D Corporation
NEW YORK -- May 20, 2014
Levi & Korsinsky is investigating the Board of Directors of Overland Storage,
Inc. (“Overland Storage” or “the Company”) (Nasdaq: OVRL) for possible
breaches of fiduciary duty and other violations of state law in connection
with the sale of the Company to Sphere 3D Corporation (“Sphere 3D”).
Click here to learn more about the investigation:
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 investigation concerns 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.
In particular, at least one financial analyst set a target high price for
Pinnacle stock at $35.00 per share.
If you own Overland Storage common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at
firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or
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
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Toll Free: 877-363-5972
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