Seeking Alpha

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

  • 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.
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Comments (2)
  • Andy Vo
    , contributor
    Comment (1) | Send Message
     
    What does it mean to OCZ shareholders?
    2 Oct 2013, 05:29 PM Reply Like
  • suspence
    , contributor
    Comments (2) | Send Message
     
    Share price goes up...hopefully.
    2 Oct 2013, 09:45 PM Reply Like
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