NEW YORK, May 21, 2014 /PRNewswire/ -- 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.
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.
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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SOURCE Levi & Korsinsky, LLP