Reuters logo
10 months ago
BRIEF-Och-Ziff reaches settlements with DoJ and SEC to resolve FCPA investigation
September 29, 2016 / 9:02 PM / 10 months ago

BRIEF-Och-Ziff reaches settlements with DoJ and SEC to resolve FCPA investigation

1 Min Read

Sept 29 (Reuters) - Och-ziff Capital Management Group Llc

* Ziff reaches settlements with U.S. Department Of Justice and u.S. Securities And Exchange Commission to resolve FCPA investigation

* Settlement clears way for Och-Ziff to continue investing on behalf of its clients

* Ziff - penalty amount will be paid using cash on hand and an investment of up to $400 million made by certain of firm's partners through a perpetual preferred stock offering

* Says firm has also bolstered its system of checks and balances by forming a business risk committee Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below