INVESTOR ALERT: Class Action Lawsuit Against Och-Ziff Capital Management Group Announced by Law Offices of Howard G. Smith

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all purchasers of the securities of Och-Ziff Capital Management Group LLC (“Och-Ziff” or the “Company”) (NYSE:OZM) between February 9, 2012 and April 25, 2014, inclusive (the “Class Period”).

Och-Ziff provides investment advisory services in real estate and equity markets worldwide. The Complaint alleges that throughout the Class Period defendants issued false and/or misleading statements and/or failed to disclose material adverse facts concerning the Company’s business and operations. Specifically, defendants misrepresented and/or failed to disclose that:

  • The Company violated relevant anti-bribery laws by accepting an investment from the Libyan Investment Authority.
  • The Company loaned $234 million to help finance two ventures in the Democratic Republic of Congo, in violation of the Foreign Corrupt Practices Act.
  • The Company failed to disclose that, beginning in 2011, Och-Ziff received subpoenas from the Securities and Exchange Commission and the United States Department of Justice in connection with the foregoing transactions.

If you are a member of the Class described above, you have until July 7, 2014, to move the Court to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

Contacts:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

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