… Thirteenth Investigation of OCZ …

Law firm Harwood Feffer LLP is investigating potential claims against the board of directors of OCZ Technology Group, Inc., concerning whether the board has breached its fiduciary duties to shareholders.

OCZ engages in the design, manufacture and distribution of high-performance solid-state storage solutions and premium computer components.

On October 10, 2012 the company announced that it was delaying the filing of its financial results for the second quarter of fiscal year 2013, which ended August 31, 2012.

According to the company, OCZ’s second quarter revenue will be "materially lower" than its previous guidance of revenue in the range of $110 to $120 million, which was issued September 5, 2012, "principally due to the impact of customer incentive programs," and that the company also expects to report a "significant net loss" for second-quarter 2013.  

Additionally, OCZ announced on October 9, 2012, that the company’s CEO, Ryan M. Petersen, had resigned on September 17, 2012.

Current holders of OCZ shares may have a claim against the board for breaches of fiduciary duties, gross mismanagement, and/or abuse of control.