Tuesday, February 09, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
French Data Protection Authority Says Facebook Should Stop Collecting Non-User Data
Verizon Expores Yahoo Deal Options: report
Kingston Buys USB Technology and Assets of IronKey from Imation
LG'S Flagship SIGNATURE OLED TV Now Available In The U.S.
Imagination Tech CEO Steps Down As Company Reports Losses
Google Has A Gear VR Competitor In The Works: report
Sony Xperia Z5 and Xperia Z5 Compact Are Now Shipping In The U.S.
Following Outcry, Twitter's Dorsey Says Live Tweets Are Here To Stay
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
 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
Toshiba Introduces the TLC-based OCZ Trion 150 Solid-State Drives
OCZ to Showcase Its Next-Generation SSDs at CES 2016
OCZ Adds Storage Intelligence To Saber 1000 SSDs
OCZ Releases Value-Oriented Trion 100 SSD Series with TLC NAND Flash
OCZ TLC-based Trion 100 SATA Client SSDs and Z-Drive 6300 NVMe Add-In-Card Coming At Computex 2015
New OCZ Z-Drive 6000 Enterprise PCIe SSD Series Come With NVMe Support
OCZ Adds 2 TB Variant To Its Intrepid 3000 Enterprise SSD Series
OCZ Vector 180 SSD And New SSD Guru Management Tool Released
OCZ Storage Solutions Addresses Enterprise and Consumer Solid State Drive Market at CeBIT
OCZ to Unveil New JetExpress SSD Controller at CES 2015
OCZ Introduces New Saber 1000 Series SATA SSDs For Enterprises
New OCZ Vertex 460A Comes Armed With 19nm NAND

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .