NEW YORK, May 16, 2014 /PRNewswire/ -- Harwood Feffer
LLP (www.hfesq.com) is investigating potential claims against the
board of directors of Overland Storage, Inc. ("Overland Storage" or
the "Company") (NASDAQ: OVRL) concerning the proposed acquisition
of the Company by Sphere 3D Corporation ("Sphere").
Under the terms of the transaction, Sphere will acquire Overland
Storage for approximately $81
million. Overland Storage shareholders will receive
0.510594 common shares of Sphere, subject to certain potential
adjustments, per share of Overland Storage owned.
Our investigation concerns whether the Overland Storage board of
directors is fulfilling its fiduciary duties, maximizing the value
of the Company, disclosing all material benefits and costs, and
obtaining full and fair consideration for Company
shareholders.
If you own Overland Storage shares and wish to discuss this
matter with us, or have any questions concerning your rights and
interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels,
Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising © 2014 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
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SOURCE Harwood Feffer LLP