News Column

Kirby McInerney LLP Reminds Investors of the Lead Plaintiff Deadline in the Class Action Lawsuit Against Och-Ziff Capital Management Group LLC

June 12, 2014



NEW YORK--(BUSINESS WIRE)-- Kirby McInerney LLP announced today that a class action lawsuit is pending in the United States District Court for the Southern District of New York on behalf of investors who acquired Och-Ziff Capital Management Group LLC (“Och-Ziff” or the “Company”) (NYSE: OZM) securities from February 9, 2012 through April 25, 2014. Pursuant to applicable law, investors have until July 7, 2014 to file a motion to be appointed as lead plaintiff in the investor lawsuit.

The lawsuit alleges that throughout the Class Period, defendants failed to disclose that: (a) the Company violated anti-bribery laws by accepting an investment from the Libyan Investment Authority, a sovereign wealth fund; (b) the Company loaned $234 million to help finance two ventures in the Democratic Republic of Congo in violation of the Foreign Corrupt Practices Act; and (c) beginning in 2011, the Company received subpoenas from the Securities and Exchange Commission and the United States Department of Justice in connection with the transactions mentioned above. Public disclosures in February and April 2014 concerning Justice Department investigations into the foregoing were followed by material declines in the Company’s stock price. On this news, shares in Och-Ziff fell $1.28, or almost 10%, on heavy trading volume, to close at $11.65 on April 28, 2014.

If you acquired Och-Ziff securities during this period and you are interested in learning more about this matter and any rights you might have with respect to these claims, contact Wilona Karnadi or Jess Kelley at securitiescases@kmllp.com, by telephone at (212) 371-6600, or by filling out this form. Please bear in mind that some of these rights may be time-sensitive.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, whistleblower, antitrust and consumer litigation. The firm has specialized in complex litigation, including securities class actions, for several decades. Kirby McInerney LLP has repeatedly demonstrated its expertise in this field, and has been recognized by various courts that have appointed the firm to major positions in consolidated and multi-district litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars, and the firm’s achievements and quality of service have been chronicled in numerous published decisions. Additional information about the firm or the claims against Och-Ziff can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.



Kirby McInerney LLP

Wilona Karnadi or Jess Kelley

212-371-6600

securitiescases@kmllp.com

Source: Kirby McInerney LLP


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Business Wire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters