NEW YORK, Oct. 20, 2012 (GLOBE NEWSWIRE) -- The Rosen Law Firm today announces that it has filed a class action lawsuit on behalf of investors who purchased OCZ common stock or call options, or sold OCZ put options (Nasdaq:OCZ), between July 10, 2012 and October 10, 2012.
To join the OCZ class action, visit the firm's website at http://rosenlegal.com, or call Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email email@example.com for information on the class action. The action filed by the firm is pending in the U.S. District Court for the Northern District of California.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
The Complaint asserts violations of the federal securities laws against OCZ and certain of its officers and directors for issuing materially false and misleading financial information. The lawsuit asserts that OCZ: (a) was providing extraordinary customer incentives in excess of what was normal and customary; and (b) improperly accounting for customer incentive programs. As a result, OCZ's financial results were misstated during the Class Period and OCZ lacked adequate internal controls. When this adverse information entered the market, OCZ's stock price dropped, damaging investors.
If you wish to serve as lead plaintiff, you must move the Court no later than December 10, 2012. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at firstname.lastname@example.org. You may also visit the firm's website at http://rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
CONTACT: The Rosen Law Firm P.A. Laurence Rosen, Esq. Phillip Kim, Esq. 275 Madison Avenue 34th Floor New York, New York 10016 Tel: (212) 686-1060 Weekends Tel: (917) 562-8616 Toll Free: 1-866-767-3653 Fax: (212) 202-3827 email@example.com firstname.lastname@example.org www.rosenlegal.com