OCZ settles class-action suit for $7.5M, shares +8.5% AH

|About: OCZ Technology Group Inc (OCZ)|By:, SA News Editor

The settlement puts to rest a consolidated shareholder suit tied to OCZ's accounting review. In the event the company or a portion of it is sold, it will pay an additional $6M or 4% of the proceeds (whichever is less) to plaintiffs. (PR)

It looks as if investors were worried the cash-strapped company would have to make a larger payment. Shares still -20% YTD.