NEW YORK, May 20, 2014 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. today announces that a class action lawsuit on behalf of purchasers of Och-Ziff Capital Management Group LLC (NYSE:OZM) securities between February 9, 2012 and April 25, 2014, seeking to recover damages for violations of the federal securities laws.
To join the Och-Ziff class action, visit the firm's website at http://rosenlegal.com, or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free, at 866-767-3653; you may also email firstname.lastname@example.org or email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
The lawsuit asserts violations of the federal securities laws against Och-Ziff and its officers and directors for issuing false and misleading statements about the Company's financial condition.
Specifically, the lawsuit claims that (a) the Company violated relevant 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 ("FCPA"); 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. According to the suit, when these adverse facts entered the public domain, the price of Och-Ziff securities dropped damaging investors.
If you wish to serve as lead plaintiff, you must move the Court no later than July 7, 2014. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at firstname.lastname@example.org or email@example.com. You may also visit the firm's website at http://rosenlegal.com. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
CONTACT: Laurence Rosen, Esq. Phillip Kim, Esq. Kevin Chan, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 34th Floor New York, New York 10016 Tel: (212) 686-1060 Toll Free: 1-866-767-3653 Fax: (212) 202-3827 firstname.lastname@example.org email@example.com firstname.lastname@example.org www.rosenlegal.comSource: The Rosen Law Firm PA PC