Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of The Orchard Enterprises, Inc. - ORCD

Levi & Korsinsky is investigating the Board of Directors of The Orchard Enterprises, Inc. (“Orchard” or the “Company”) (NasdaqGM: ORCD) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Dimensional Associates, LLC, a private equity affiliate of JDS Capital, L.P. ("Dimensional"). Dimensional currently owns approximately 42% of the Company’s outstanding common stock and 99% of the Company’s outstanding Series A Preferred Stock, representing an aggregate of approximately 53% of the Company’s voting securities. Under the terms of the proposed transaction, Orchard shareholders will receive $2.05 in cash for each share of Orchard they own. Orchard shareholders will also receive a contingent right to receive additional consideration, under certain circumstances, if Dimensional Associates or any of its affiliates enters into a commitment to sell at least 80% of Orchard’s voting securities or assets within six months of the consummation of the merger.

The investigation concerns whether the Orchard Board of Directors breached their fiduciary duties to Orchard stockholders by failing to adequately shop the Company before entering into this transaction and whether Dimensional is underpaying for Orchard shares, thus unlawfully harming Orchard stockholders. In particular, Orchard shares traded at $2.10 per share as recently as August 12, 2009, traded at a 52-week high of $3.49 and the Company has a book value of $2.05 per share.

If you own common stock in Orchard and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/orcd1.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.