SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess
of $100,000 From Investment in Och-Ziff Capital Management Group LLC to
Contact Brower Piven Before the July 7, 2014 Lead Plaintiff Deadline -- OZM
STEVENSON, Md., June 27, 2014 (GLOBE NEWSWIRE) -- The securities litigation
law firm of Brower Piven, A Professional Corporation, announces that a class
action lawsuit has been commenced in the United States District Court for the
Southern District of New York on behalf of purchasers of Och-Ziff Capital
Management Group LLC ("Och-Ziff" or the "Company") (NYSE:OZM) securities
during the period between February 9, 2012 and April 25, 2014, inclusive (the
If you have suffered a loss from investment in Och-Ziff securities purchased
on or after February 9, 2012 and held through the revelation of negative
information during and/or at the end of the Class Period, as described below,
and would like to learn more about this lawsuit and your ability to
participate as a lead plaintiff, without cost or financial obligation, click
You may also request more information by contacting Brower Piven either by
email at firstname.lastname@example.org or by telephone at (410) 415-6616. Attorneys
at Brower Piven together have more than a century of experience litigating
securities and other class action cases.
No class has yet been certified in the above action. Members of the Class will
be represented by the lead plaintiff and counsel chosen by the lead plaintiff.
If you wish to choose counsel to represent you and the Class, you must apply
to be appointed lead plaintiff no later than July 7, 2014 and be selected by
the Court. The lead plaintiff will direct the litigation and participate in
important decisions including whether to accept a settlement and how much of a
settlement to accept for the Class in the action. The lead plaintiff will be
selected from among applicants claiming the largest loss from investment in
Company units during the Class Period.
The complaint accuses the defendants of violations of the Securities Exchange
Act of 1934 by virtue of the defendants' failure to disclose during the Class
Period that the Company violated relevant anti-bribery laws by accepting an
investment from the Libyan Investment Authority, a sovereign wealth fund and
violated the Foreign Corrupt Practices Act when it loaned $234 million to help
finance ventures in the Democratic Republic of Congo. According to the
complaint, following the February 3, 2014 announcement that Och-Ziff was part
of a widening Department of Justice investigation of banks, private-equity
firms, and hedge funds, relating to the possible violation of anti-bribery
laws in their dealings with Libya's government-run investment fund, the value
of Och-Ziff shares declined significantly.
If you choose to retain counsel, you may retain Brower Piven without financial
obligation or cost to you, or you may retain other counsel of your choice.You
need take no action at this time to be a member of the class.
CONTACT: Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
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