Shareholders Foundation, Inc.

Och-Ziff Capital Management Group LLC (NYSE:OZM) Shareholder Alert: Investigation over Potential Wrongdoing

An investigation on behalf of investors in Och-Ziff Capital Management Group LLC (NYSE:OZM) shares over potential wrongdoing at Och-Ziff Capital Management Group was announced and NYSE:OZM stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 03/07/2016 -- An investigation for shareholders in Och-Ziff Capital Management Group LLC was announced over potential breaches of fiduciary duties by certain directors.

Shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) declined from $15.81 per share in early 2014 to as low as $3.70 per share on February 19, 2016.

Investors who purchased shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) and currently hold any of those Och-Ziff Capital Management Group LLC (NYSE:OZM shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain Och-Ziff Capital Management Group directors breached their fiduciary duties and caused damage to the company and its shareholders.

On March 18, 2014, Och-Ziff Capital Management Group LLC disclosed that in the beginning in 2011, and from time to time thereafter, it have received subpoenas from the SEC and requests for information from the U.S. Department of Justice (the "DOJ") in connection with an investigation involving the FCPA and related laws. Och-Ziff Capital Management Group LLC said that the investigation concerns an investment by a foreign sovereign wealth fund in some of its funds in 2007 and investments by some of its funds, both directly and indirectly, in a number of companies in Africa.

On May 5, 2014, a lawsuit was filed against Och-Ziff Capital Management Group LLC over alleged securities laws violations. The plaintiff claimed that the defendants made allegedly false and/or misleading statements and/or allegedly failed to disclose that Och-Ziff Capital Management Group LLC violated relevant anti-bribery laws by accepting an investment from the Libyan Investment Authority, a sovereign wealth fund, that Och-Ziff Capital Management Group LLC loaned $234 million to help finance two ventures in the Democratic Republic of Congo in violation of the Foreign Corrupt Practices Act ("FCPA"), that beginning in 2011, Och-Ziff Capital Management Group LLC received subpoenas from the Securities and Exchange Commission("SEC") and the United States Department of Justice ("DOJ") in connection with the transactions mentioned above, and that as a result of the above, Och-Ziff Capital Management Group LLC's financial statements were materially false and misleading at all relevant times.

Those who purchased shares of certain Och-Ziff Capital Management Group LLC have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com