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.