Och-Ziff Brass Hit With Derivative Suit Over FCPA Probes

Law360, New York (September 4, 2015, 3:24 PM EDT) -- A shareholder has slapped Och-Ziff Capital Management Group LLC directors with a derivative complaint in New York County court, claiming they allowed the hedge fund manager to violate the Foreign Corrupt Practices Act in Africa and hid the misbehavior from investors despite federal investigations.

Minakshi Kumari's suit Wednesday claims that the board members should compensate Och-Ziff for their alleged breaches of fiduciary duty and that a special master should be appointed to supervise the firm's dealings with the U.S. Department of Justice and the U.S. Securities and Exchange Commission. Och-Ziff is also facing a putative securities class action in New York...

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