Brower Piven to Investigate Dot Hill

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the board of directors of Dot Hill Systems Corp. relating to the proposed buyout of the company by Seagate Technology Plc.

On August 18, 2015, the company announced it had reached a definitive agreement for Seagate to acquire Dot Hill in a transaction valued at approximately $694 million.

Under the terms of the transaction, Dot Hill shareholders are anticipated to receive $9.75 in cash for each share of Dot Hill common stock held. The firm’s investigation seeks to determine, among other things, whether the company’s board of directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the company’s shares of common stock.