WILMINGTON, Del., Aug. 19, 2015 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you own shares of Dot Hill Systems Corp. (NASDAQ GM:
HILL)?
- Did you purchase any of your shares prior to August 19, 2015?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Dot Hill
Systems Corp. ("Dot Hill" or the
"Company") (NASDAQ GM: HILL) 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 ("Seagate") (NASDAQ GS: STX), in a transaction
valued at approximately $694
million.
Click here to learn more:
http://rigrodskylong.com/investigations/dot-hill-systems-corp-hill.
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.
If you own the common stock of Dot Hill and purchased your
shares before August 19, 2015, if you
have information or would like to learn more about these claims, or
if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington,
DE 19803, by telephone at (888) 969-4242; by e-mail to
info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/dot-hill-systems-corp-hill.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/dot-hill-systems-corp-shareholder-alert-rigrodsky--long-pa-announces-investigation-of-buyout-300130638.html
SOURCE Rigrodsky & Long, P.A.
