Thursday, April 24, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Facebook Buys Fitness Tracking App Moves
Tech Companies Unite To Boost OpenSSL, Security
Facebook Introduces Newswire For Journalists
Surface Mini Accessories Appear On Amazon
OCZ Launches the RevoDrive 350 PCIe SSD
Sony Introduces New High-Resolution Audio A/V Receivers, Speakers and Blu-ray Home Theater Systems
Updated Apple TV Set For Release In June
ASUS to Unleash Full SATA Express Performance With SRIS
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > General Computing > Law Fir...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, October 12, 2012
Law Firm Investigates OCZ For Possible Violations


A Boston-based law firm representing investors nationwide announced today that it was investigating possible securities law violations involving OCZ Technology Group.

Block & Leviton is a law firm representing investors for violations of the securities laws. The firm's inverstigation is related to allegations that certain statements issued by the OCZ between July 10, 2012 and October 10, 2012 concerning OCZ's financial performance were knowingly false and misleading when made.

On Wednesday, October 10, 2012, OCZ issued a press release announcing that it was delaying the filing of its financial results for the second quarter of fiscal year 2013, which ended August 31, 2012. The press release also disclosed that OCZ's second quarter revenue will be "materially lower" than its previous guidance released on September 5, 2012, which was in the range of $110 to $120 million, "principally due to the impact of customer incentive programs," and that OCZ expects to report a "significant net loss." Shortly after the release of this news, shares of OCZ dropped nearly 42 percent from a close of $3.15 on October 9, 2012 to close at $1.88 per share on October 10, 2012.

Block & Leviton's investigation seeks to determine, among other things, whether OCZ or its officers and directors have violated the Securities Exchange Act of 1934 or any other federal securities laws.


Previous
Next
TSMC Tapes Out First CoWoS Test Vehicle Integrating with JEDEC Wide I/O Mobile DRAM Interface        All News        Softbank Also Eyes Buying MetroPCS: report
TSMC Tapes Out First CoWoS Test Vehicle Integrating with JEDEC Wide I/O Mobile DRAM Interface     General Computing News      Google Maps Updated With More Street Views

Get RSS feed Easy Print E-Mail this Message

Related News
OCZ Launches the RevoDrive 350 PCIe SSD
OCZ Storage Solutions Addresses Big Data at CeBIT 2014
OCZ Launches New Z-Drive 4500 PCIe SSD Series with Windows Accelerator Software
FirePower Buys Power Supply Assets of OCZ
OCZ To Sell Its PSU Business, Will Honor Warranties To Latest SSDs
OCZ Storage Solutions Releases New Vertex 460 SSD Series
Court OKs Acquisition Of OCZ's SSD Assets By Toshiba
OCZ to Showcase Solid State Solutions at CES
OCZ Technology Launches Enterprise-Class Intrepid 3000 Series SSDs
OCZ Reaches Agreement With Toshiba to Acquire Solid State Drive Business
OCZ To File for Bankruptcy, Toshiba To Purchase Its Assets
New OCZ Vector 150 Solid State Drive Series Released

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .