NEW ORLEANS, Oct. 12, 2012 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until December 10, 2012, to file lead plaintiff applications in a securities class action lawsuit against OCZ Technology Group, Inc. (Nasdaq: OCZ - News), if they purchased the Company's securities during the period between July 10, 2012 and October 10, 2012, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of California.
What You May Do
If you purchased shares of OCZ and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, e-mail or call KSF Managing Partner, Lewis Kahn (email@example.com), toll free, 877-515-1850, or via cell phone any time at 504-301-7900. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by December 10, 2012.
About the Lawsuit
OCZ and certain of its senior executives are charged with issuing a series of materially false and misleading statements, during the Class Period, in violation of federal securities laws.
On October 10, 2012, OCZ shares declined $1.27, or more than 40%, on unusually heavy volume, after the Company disclosed results well below guidance and after it was disclosed that there was a "material weakness" in OCZ's financial reporting. At that time, the Company also disclosed that it expected to report negative gross margins and a significant net loss" for second quarter 2013.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner, 877-515-1850
or after hours via cell phone 504-301-7900
206 Covington St.
Madisonville, LA 70447
SOURCE Kahn Swick & Foti, LLC