OCZ Creditors Try To Stall $7.5M Deal With Investors

Law360, Wilmington (March 10, 2014, 10:20 PM EDT) -- Creditors of OCZ Technology Group Inc. urged a Delaware bankruptcy judge on Monday to not approve a proposed $7.5 million settlement of a shareholder class action, saying the deal shouldn't be blessed until they've had a chance to look into all the estate's claims.

The computer drive maker sold the bulk of its assets to Toshiba Corp. in January for $35 million. The official committee of unsecured creditors argued in its objection Monday that approving the settlement right now would drain the estate's limited resources, and...
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Case Title

In re OCZ Technology Group, Inc. Securities Litigation


Case Number

3:12-cv-05265

Court

California Northern

Nature of Suit

Securities/Commodities

Judge

Richard Seeborg

Date Filed

October 11, 2012


Case Title

ZCO Liquidating Corporation


Case Number

1:13-bk-13126

Court

Delaware

Nature of Suit

Date Filed

December 2, 2013

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