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The Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of Securities of Och-Ziff Capital Management Group LLC -- OZM

October 26, 2018
October 26, 2018 08:00 ET | Source: The Rosen Law Firm PA

NEW YORK, Oct. 26, 2018 (GLOBE NEWSWIRE) -- Pomerantz LLP and The Rosen Law Firm, P.A. announce that the United States District Court for the Southern District of New York has approved the following announcement of a proposed class action settlement that would benefit purchasers of securities of Och-Ziff Capital Management Group LLC (NYSE:OZM):

SUMMARY NOTICE OF CLASS ACTION SETTLEMENT AND FINAL APPROVAL HEARING

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Southern District of New York that a hearing will be held before Honorable J. Paul Oetken on January 16, 2019, at 11 a.m., in Courtroom 706 of the United States District Court, Southern District of New York, Thurgood Marshall United States Courthouse, 40 Foley Square, New York, New York 10007, to determine whether (1) the proposed Settlement of the Action for $28,750,000.00 should be approved as fair, reasonable, and adequate; (2) the Plan of Allocation is fair and reasonable and should be approved; (3) the application by Class Counsel for an award of attorneys’ fees and expenses should be approved; (4) the Class Plaintiffs’ application for reimbursement of costs and expenses should be granted; and (5) the Action should be dismissed with prejudice as set forth in the Settlement Stipulation filed with the Court.

If you purchased or otherwise acquired any securities of Och-Ziff Capital Management Group LLC between February 9, 2012 and August 22, 2014, both dates inclusive, your rights may be affected by the Settlement of this Action.  If you have not received a detailed Notice of Proposed Settlement of Class Action, Motion for Attorneys’ Fees and Expenses, and Final Approval Hearing (the “Notice”) and a copy of the Proof of Claim and Release Form, you may obtain copies by writing to the Claims Administrator at: OZM Securities Litigation, Claims Administrator, c/o Strategic Claims Services, 600 N. Jackson Street, Suite 205, P.O. Box 230, Media, PA 19063; info@strategicclaims.net.

If you are a member of the Settlement Class and wish to share in the Settlement money, you must submit a Proof of Claim no later than January 9, 2019 establishing that you are entitled to recovery.  As further described in the Notice, you will be bound by any judgment entered in the Action, regardless of whether you submit a Proof of Claim, unless you exclude yourself from the Settlement Class, in accordance with the procedures set forth in the Notice, by no later than January 2, 2019.  Any objections to the Settlement, Plan of Allocation, or attorney’s fees and expenses must be filed and served, in accordance with the procedures set forth in the Notice, no later than January 2, 2019.

Inquiries, other than requests for the Notice, may be made to Class Counsel: Patrick V. Dahlstrom, Pomerantz LLP, 10 South La Salle Street, Suite 3505, Chicago, Illinois 60603; or Laurence Rosen, The Rosen Law Firm, P.A., 275 Madison Avenue, 34th Floor, New York, New York 10016.

INQUIRIES SHOULD NOT BE DIRECTED TO THE COURT,
THE CLERK’S OFFICE, THE DEFENDANTS, OR DEFENDANTS’ COUNSEL.

Dated: October 2, 2018                                             UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK