NASDAQ CM
PRLS

Peerless Systems Corporation

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Peerless Systems Corporation (NASDAQ CM: PRLS) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Peerless Systems Corporation (“Peerless” or the “Company”) (NASDAQ CM: PRLS) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Mobius Acquisition, LLC (“Mobius”), in a transaction valued at approximately $18.9 million.

Under the terms of the agreement, public shareholders of Peerless would receive $7.00 in cash for each share of Peerless they own.

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

If you own the common stock of Peerless and purchased your shares before December 22, 2014, 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.

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.

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