… Rigrodsky & Long …

Regarding breaches of fiduciary duties and other violations of law

This is a Press Release edited by StorageNewsletter.com on August 20, 2015 at 2:39 pm

Rigrodsky & Long, P.A. is investigating potential legal claims against the board of directors of Dot Hill Systems Corp. regarding possible breaches of fiduciary duties and other violations of law related to the company’s entry into an agreement to be acquired by Seagate Technology plc, in a transaction valued at approximately $694 million.

Under the terms of the agreement, shareholders of Dot Hill will receive $9.75 per share in cash for each share of Dot Hill they own.

The investigation concerns whether Dot Hill’s board of directors failed to adequately shop the company and obtain the best possible value for Dot Hill’s shareholders before entering into an agreement with Seagate.