Zeldes Haeggquist & Eck, LLP, a shareholder and consumer rights litigation firm, has commenced an investigation into Och-Ziff Capital Management Group LLC (“Och-Ziff” or the “Company”) (NYSE: OZM) to determine whether Och-Ziff and the Company’s Officers and Directors have violated the federal securities laws or breached their fiduciary duties owed to the Company and its shareholders.
Och-Ziff is a publicly owned investment manager that provides investment advisory services for its clients.
On March 18, 2014, Och-Ziff disclosed that the Securities Exchange Commission (“SEC”) and the Department of Justice (“DOJ”) were investigating investments by some of its funds “in a number of companies in Africa” under the Foreign Corrupt Practices Act (“FCPA”) and related laws. The Company did not disclose which foreign sovereign wealth fund investment was being investigated. However, it was reported that the investigation involved an investment by the Libyan Investment Authority.
On April 27, 2014, The Wall Street Journal reported the details of Och-Ziff investments in Africa under investigation by the SEC and DOJ. 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. Upon these revelations, the price of Och-Ziff shares dropped significantly.
If you are an investor in Och-Ziff, you may have legal claims against Och-Ziff and/or its Officers and Directors. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Amber L. Eck at 619-342-8000, or by email at ambere@zhlaw.com. There is no cost to you.
Zeldes Haeggquist & Eck, LLP is a full-service law firm which brings major class actions nationwide on behalf of defrauded investors and consumers and handles a variety of complex business litigation matters. Please visit www.zhlaw.com or our blog for more information about the firm.
Contacts:
Amber L. Eck, 619-342-8000
ambere@zhlaw.com
