In the Courts

New Developments In Och-Ziff FCPA Settlement As Brooklyn Judge Grants Victim Status to Former Investors In Restitution Claim over Lost African Mining Venture

6 minute read October 01, 2019 at 12:05 AM
By
Juliet Gunev
In the Courts

New Developments In Och-Ziff FCPA Settlement As Brooklyn Judge Grants Victim Status to Former Investors In Restitution Claim over Lost African Mining Venture

Oz Africa Management, LLC (Oz Africa), a wholly-owned subsidiary of New York-based hedge fund manager Och-Ziff Capital Management Group, LLC (Och-Ziff), has had a key ruling made against it by U.S. District Court Judge Nicholas G. Garaufis as it seeks final resolution of the plea deal arising from both companies' $412 million Foreign Corrupt Practices Act (FCPA) settlement with the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) in 2016.

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