November 10, 2012 at 02:12 AM EST
INVESTOR ALERT: Rosen Law Firm Reminds OCZ Technology Group Shareholders of December 10, 2012 Deadline in Securities Class Action - OCZ

NEW YORK, Nov. 10, 2012 (GLOBE NEWSWIRE) -- The Rosen Law Firm reminds investors of the important December 10, 2012 lead plaintiff deadline in the class action lawsuit on behalf of investors who purchased OCZ common stock or call options, or sold OCZ put options (Nasdaq:OCZ) from July 10, 2012 to 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 pkim@rosenlegal.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.

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 in the past; 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 was disclosed to the market, OCZ's stock price dropped and investors lost nearly half the value of their investment.

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 pkim@rosenlegal.com. 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.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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
         lrosen@rosenlegal.com
         pkim@rosenlegal.com
         www.rosenlegal.com
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here