OCZ Tech Reports Settlement of Class Action Suit, to Pay $7.5M

By: Benzinga
OCZ Technology Group, Inc. (NASDAQ: OCZ ), a leading provider of high-performance solid-state drives (SSDs) and power management solutions for computing devices and systems, today announced that it has reached a settlement in principle in the federal shareholder class action litigation filed in connection with the Company's financial restatement. The settlement is subject to negotiation
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