Fitch Cuts Och-Ziff Capital Management (OZM) Ratings to Junk
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Och-Ziff Capital Management (OZM) Misses Q3 EPS by 1c
November 2, 2016 7:44 AM EDTOch-Ziff Capital Management (NYSE: OZM) reported Q3 EPS of $0.05, $0.01 worse than the analyst estimate of $0.06.
Summary
Och-Ziff reached settlements with the U.S. Department of Justice (the DOJ) and the U.S. Securities Exchange Commission (the SEC) in connection with their Foreign Corrupt Practices Act (FCPA) investigations, and agreed to a monetary settlement in the amount of $412.1 million, which was paid in October 2016 (FCPA settlements).Certain of the Companys executive... More