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 LLP488 Madison Avenue New York, New York 10022Phone Numbers: (877) 935-7400(212)935-7400Email: email@example.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. Logo - http://photos.prnewswire.com/prnh/20120215/MM54604LOGO SOURCE Harwood Feffer LLP