NEW ORLEANS, May 16, 2014 /PRNewswire/ -- Former Attorney
General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of
Kahn Swick & Foti, LLC ("KSF") are investigating the proposed
sale of Overland Storage, Inc. ("Overland" or the "Company")
(NASDAQ: OVRL) to Sphere 3D Corporation ("Sphere 3D") (TSX VENTURE:
ANY) (OTCQX: SPIHF). Under the terms of the proposed transaction,
shareholders of Overland will receive only 0.510594 common shares
of Sphere 3D, subject to certain potential adjustments, as set
forth in the merger agreement. Based on the closing sales price of
Sphere 3D common shares on May 14,
2014, the last trading day prior to the announcement of the
transaction, on the TSX Venture Exchange, the deal represents an
implied price per share of Overland stock of $4.43. KSF is seeking to determine whether this
consideration and the process that led to it are adequate, or
whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company
and/or if you would like to discuss your legal rights regarding the
proposed sale, you may, without obligation or cost to you, e-mail
or call KSF Managing Partner Lewis S. Kahn
(lewis.kahn@ksfcounsel.com) or associate Michael J. Palestina
(michael.palestina@ksfcounsel.com) toll free at any time at
855-768-1857.
To learn more about KSF, whose partners include the Former
Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447
SOURCE Kahn Swick & Foti, LLC