PITTSBURGH, Nov. 8, 2012 /PRNewswire/ -- Notice is hereby given by the Law Office of Alfred G. Yates Jr., P.C. that it has filed a class action in the United States District Court for the Northern District of California on behalf of purchasers of OCZ Technology Group, Inc. ("OCZ") (NYSE: OCZ) common stock during the period between July 10, 2012 and October 11, 2012 (the "Class Period").
If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, Alfred G. Yates Jr., Esquire at 1-800-391-5164, toll free, or at email@example.com by e-mail. Please visit http://yatesclassactionlaw.com for more information. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you wish to serve as lead plaintiff, you must move the Court no later than December 10, 2012.
The complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding the Company's business practices and financial results. Specifically, defendants failed to disclose that the Company's sales trends were not as robust as they had stated, and that in order to address those negative trends in OCZ's business, defendants were promising to pay customers "incentives" (i.e., rebates) in order to obtain sales, rendering their statements concerning OCZ's financial results materially false and misleading. As a result of these false statements, OCZ's stock traded at artificially inflated prices during the Class Period, reaching a high of $7.67 per share in intraday trading on July 30, 2012.
Plaintiff seeks to recover damages on behalf of all purchasers of OCZ securities during the Class Period (the "Class").
The firm is also investigating actions on behalf of shareholders for the following companies: DUSA Pharmaceuticals Inc. (Nasdaq: DUSA), First California Financial Group, Inc. (Nasdaq: FCAL), Gold Resource Corporation (NYSE: GORO), JDA Software Group Inc. (Nasdaq: JDAS), KBW Inc. (NYSE: KBW), Metropolitan Health Networks Inc. (NYSE: MDF), Overseas Shipholding Group Inc. (NYSE: OSG), PSS World Medical Inc. (Nasdaq: PSSI), Schiff Nutrition International Inc. (NYSE: SHF), and Warnaco Group Inc. (NYSE: WRC).
If you are a shareholder of any of the above companies and wish learn more about any of the investigations or have any questions, please contact Alfred G. Yates Jr., Esquire at 1-800-391-5164, toll free, or at firstname.lastname@example.org by e-mail.
SOURCE Law Office of Alfred G. Yates Jr., P.C.