NEW YORK, April 30, 2014 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Och-Ziff Capital Management Group LLC ("Och-Ziff Capital" or the "Company") (NYSE: OZM). The investigation focuses on whether the Company and its executives violated federal securities laws.
On March 19, 2014, Och-Ziff Capital disclosed that the Securities and Exchange Commission ("SEC") and the U.S. Department of Justice were investigating the Company for potential violations of the Foreign Corrupt Practices Act and related laws, and that the probe centered on some of its Funds investments in companies in Africa. Och-Ziff Capital made loans to companies controlled by a controversial mining executive that helped finance two ventures in the Democratic Republic of Congo. On this news, shares of Och-Ziff Capital fell $0.49, or 3.50%, to close at $13.71 per share March 19, 2014, on unusually heavy trading volume.
On Sunday, April 27, 2014, the Wall Street Journal published an article detailing the controversial African oil and mining deals. On this news, shares of Och-Ziff Capital fell $1.31, or more than 10.05%, on intraday trading on April 28, 2014.
If you are aware of any facts relating to this investigation, or purchased shares of Och-Ziff Capital you can assist this investigation by contacting either Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC