This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Hagens Berman: Less Than Ten Business Days Remain Before Dec. 10, 2012, Lead Plaintiff Deadline In OCZ Technology Group, Inc. Lawsuit

Stocks in this article: OCZ

Hagens Berman Sobol Shapiro, LLP, a national investor-rights law firm, today reminded investors who purchased stock in OCZ Technology Group, Inc. (NASDAQ: OCZ) (“OCZ”), that the Deadline to move for lead plaintiff in a securities class-action lawsuit brought on their behalf is Dec. 10, 2012, less than ten business days from today.

Investors who purchased or otherwise acquired OCZ Technology Group securities between July 10, 2012 and October 11, 2012, both dates inclusive (the “Class Period”), and who have losses exceeding $500,000, are encouraged to contact Hagens Berman Partner Reed R. Kathrein, who is leading the firm’s ongoing investigation into alleged securities violations. Investors can reach Mr. Kathrein by calling (510) 725-3000 or by emailing OCZ@hbsslaw.com.

Since Sept. 5, 2012, OCZ stock has plummeted over 75 percent. The President and CEO has resigned and OCZ has delayed announcing financial results.

OCZ disclosed on Nov. 15, 2012,that the SEC that the agency was “conducting an investigation,” and that as part of that investigation, “the Company also received a subpoena requesting certain documents and information generally related to its press releases on Sept. 5, 2012, and Oct. 10, 2012, and the financial reporting for customer incentive programs, among other matters.”

Following the disclosure of the Securities and Exchange Commission’s investigation of OCZ on Nov. 21, 2012, OCZ’s stock price dropped 9 percent to $1.08.

Multiple lawsuits have been filed in the United States District Court for the Northern District of California, alleging that OCZ made false or misleading statements to investors prior to announcing its preliminary revenues for the 2 nd quarter of the 2013 fiscal year on Sept. 5, 2012. The deadline to move for lead plaintiff is Dec. 10, 2012.

More information about this investigation is available at http://hb-securities.com/investigations/OCZ.

About Hagens Berman

Hagens Berman Sobol Shapiro LLP is an investor-rights class-action law firm with offices in 10 cities. The firm represents whistleblowers, workers and consumers in complex litigation. More about the law firm and its successes can be found at www.hbsslaw.com. The firm’s securities law blog is at www.meaningfuldisclosure.com.



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs