BENSALEM, Pa.--(BUSINESS WIRE)--Jun. 10, 2014--
Law Offices of Howard G.
Smith reminds investors that all purchasers of the securities of
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 purchased Och-Ziff securities during the Class Period, you may move the Court no later than July 7, 2014, 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 email@example.com, or visit our website at http://www.howardsmithlaw.com.
Source: Law Offices of Howard G. Smith