Hagens Berman: Less Than Ten Business Days Remain Before Dec. 10, 2012, Lead
Plaintiff Deadline In OCZ Technology Group, Inc. Lawsuit
Investors With Losses Exceeding $500,000 Encouraged to Contact Attorney to
Discuss Legal Options
SAN FRANCISCO -- November 28, 2012
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
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
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
Firmani + Associates
Mark Firmani, 206-443-9357
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