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Update in Lawsuit for Investors in Och-Ziff Capital Management Group LLC (NYSE:OZM) shares announced by Shareholders Foundation

SAN DIEGO, May 10, 2016 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending in New York on behalf of certain purchasers of shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) over alleged Securities Laws Violations by Och-Ziff Capital Management Group LLC.

Investors who purchased shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) prior to March 2014 and currently hold any of those NYSE:OZM shares have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

In March 2014 Och-Ziff Capital Management Group LLC disclosed that in the beginning in 2011, and from time to time thereafter, it have received subpoenas from the SEC and requests for information from the U.S. Department of Justice (the “DOJ”) in connection with an investigation involving the Foreign Corrupt Practices Act ("FCPA") and related laws. Och-Ziff Capital Management Group LLC said that the investigation concerns an investment by a foreign sovereign wealth fund in some of its funds in 2007 and investments by some of its funds, both directly and indirectly, in a number of companies in Africa.

In May 2014 a lawsuit was filed against Och-Ziff Capital Management Group LLC over alleged securities laws violations. The plaintiff alleged that the defendants made allegedly false and/or misleading statements and/or allegedly failed to disclose that Och-Ziff Capital Management Group LLC violated relevant anti-bribery laws by accepting an investment from the Libyan Investment Authority, a sovereign wealth fund, that Och-Ziff Capital Management Group LLC loaned $234 million to help finance two ventures in the Democratic Republic of Congo in violation of the FCPA, that beginning in 2011, Och-Ziff Capital Management Group LLC received subpoenas from the Securities and Exchange Commission("SEC") and the DOJ in connection with the transactions mentioned above, and that as a result of the above, Och-Ziff Capital Management Group LLC’s financial statements were materially false and misleading at all relevant times. In November 2014 an amended complaint was filed. In March 2015 the defendants filed their motion to dismiss the case. However, in February 2016 the court denied in part the defendants’ motion to dismiss the case.

Those who purchased shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) prior to March 2014 and currently hold any of those NYSE:OZM shares have certain options and should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT: Shareholders Foundation, Inc. Michael Daniels +1 (858) 779-1554 mail@shareholdersfoundation.com 3111 Camino Del Rio North Suite 423 San Diego, CA 92108

Source:Shareholders Foundation, Inc.