… Eleventh Investigation of OCZ …

Former United States SEC attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announce that the firms are investigating legal claims against OCZ Technology Group, Inc. and its officers and board of directors for potential breaches of fiduciary duties and violations of federal securities laws between July 10, 2012 and October 10, 2012.

In a recently filed federal class action complaint, the company and certain of its officers and directors were charged with violating the Securities Exchange Act of 1934.

During the class period, it’s alleged that defendants misrepresented and/or failed to disclose material adverse facts concerning the company’s financial statements.

Specifically, OCZ told investors that its net revenue would be in the range of $130 to $140 million. On October 10, 2012, OCZ announced that the previously announced preliminary fiscal second quarter results were not accurate and that it would not be timely filing its Form 10Q with the SEC.

OCZ said that the revenue would be materially lower than previously announced because of the impact of customer incentive programs that were in excess of what is normal and customary.

As a result of defendants’ false statements, OCZ’s common stock traded at artificially inflated prices during the Class Period.