We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Steel Connect, Inc. (“Steel Connect” or the “Company”) (NASDAQ: STCN), in connection with the proposed transaction with Steel Partners Holdings L.P. (NYSE: SPLP).  Upon completion of the transaction, the Company’s shareholders will receive $1.35 and one contingent value right(“CVR”) to receive their pro rata share of net proceeds, to the extent such net proceeds exceed $80 million plus certain related costs and expenses, if Steel Connect’s ModusLink subsidiary is sold during the two-year period following completion of the merger.

Weiss Law is investigating whether (i) SteelConnect’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $1.35 per-share merger consideration adequately compensates Steel Connect’s shareholders, and (iii)all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.