- Do you, or did you, own shares of Och-Ziff Capital Management Group LLC (NYSE: OZM )?
- Did you purchase your shares before February 9, 2012, or between February 9, 2012 and April 27, 2014, inclusive?
- Did you lose money in your investment in Och-Ziff Capital Management Group LLC?
- Do you want to discuss your rights?
According to the Complaint, on April 27, 2014, the Wall Street Journal published an article providing details about the Och-Ziff investments in Africa under investigation by the SEC and DOJ. The article stated that the probe centered on two loans totaling $234 million, to companies controlled by a controversial mining executive, which helped finance two ventures in the Democratic Republic of Congo involving properties that were the subject of ownership disputes.On this news, shares in Och-Ziff fell almost 10%, closing at $11.65 per share on April 28, 2014, on heavy trading volume. 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. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. While Rigrodsky & Long, P.A. did not file the Complaint in this matter, the firm, with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.