Och-Ziff Capital Management Group receives class action lawsuit

A law office recently announced that it filed a securities class action lawsuit against an investment management company after shareholders claimed that the firm violated federal securities laws.

Pomerantz, LLP, noted that it filed the litigation in the U.S. District Court for the Southern District of New York against Och-Ziff Capital Management Group. This includes all shareholders who acquired stock during the class period between Feb. 9, 2012, and April 25, 2014.

Specific allegations center around the company's leaders violating the Securities Exchange Act of 1934, specifically Sections 10(b), 20(a) and Rule 10b-5. This includes the business' leaders making a number of statements that may have been false or misleading to shareholders regarding the performance, operations and other aspects of the company's dealings.

It is an option for shareholders to become lead plaintiff in the case, but all proper paperwork needs to be filed with the court by July 7, 2014. This is not a mandatory position and those who own interests in Och-Ziff have the ability to remain absent class members and still collect in the event of a monetary return. Those who do apply for the position will need to be approved by the court.

For any stockholders who are interested in learning more information about the case, discussing these matters with the law office is an option. Robert Willoughby is available to field questions, and he can be reached by telephone or email. Any shareholders who contact the firm by email should also leave their telephone number, mailing address and the number of shares they own.

Separate investigation begins
Another law office noted that it would look into claims against the leaders at Och-Ziff for many of the aforementioned reasons. There is a possibility that this will also become a class action lawsuit in the future.

Law firm Bronstein, Gewirtz and Grossman, LLC, noted that it will attempt to determine if Och-Ziff violated federal securities laws through the process.

It is also an option for shareholders who are seeking more information to speak with the law office, while those who have further information that may facilitate the process are also encouraged to come forward. Both Peretz Bronstein and Eitan Kimelman are available to discuss these matters. They can be reached by email or telephone. Those who make contact through email were instructed to leave their telephone number and mailing address.