INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors of Overland Storage,
Inc. of Class Action Against Its Board of Directors in Connection With the
Sale of the Company to Sphere 3D Corporation -- OVRL
NEW YORK, June 2, 2014 (GLOBE NEWSWIRE) -- 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
email@example.com 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
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
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