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...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!