… Ninth Investigation of OCZ

Rosen Law Firm P.A. announced that a class action lawsuit has been filed on behalf of all persons or entities who purchased OCZ Technology Group, Inc.‘s common stock or call options, or sold OCZ put options, between July 10, 2012 and October 10, 2012, inclusive.

The complaint asserts violations of the federal securities laws against OCZ and certain if its officers and directors for issuing misleading financial information.

Namely, the lawsuit asserts that OCZ:

• was providing extraordinary customer incentives in excess of what was normal and customary in the past; and
• improperly accounting for customer incentive programs.

As a result, OCZ’s financial results were misstated during the class period and the OCZ lacked adequate internal controls. The complaint alleges that when this adverse information entered the market investors lost nearly half the value of their investment.