… As Well as Ryan & Maniskas
On breaches of fiduciary duty and other violations of state law
This is a Press Release edited by StorageNewsletter.com on August 24, 2015 at 2:52 pmRyan & Maniskas, LLP is investigating potential claims against the board of directors of Dot Hill Systems Corp. concerning possible breaches of fiduciary duty and other violations of law related to the company’s efforts to sell the company to 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 possible breaches of fiduciary duty and other violations of state law by the board of directors of Dot Hill for not acting in the company’s shareholders’ best interests in connection with the sale process.