After a media report said that OCZ Technology Group might be a takeover target an investigation on behalf of investors of OCZ Technology Group Inc. (NASDAQ:OCZ) over possible breaches of fiduciary duties was announced.

The investigation by a law firm is at a preliminary stage and monitors the takeover rumors. It concerns whether OCZ Technology Group Inc, certain of its officers and directors, and/or others breach their fiduciary duties owed to OCZ Technology Group Inc. (NASDAQ:OCZ) investors in connection with the takeover rumors or in the event of a takeover.

Shares of OCZ Technology Group Inc. (NASDAQ OCZ) rose on May 31 to $8.63 after media reports indicated that Ocz Technology Group could be an attractive takeover target based on sector deals.

Indeed, OCZ Technology Groups financial performance improved over the past years. Its 12months Total Revenue rose in the past four filing periods from $118.35million to $190.12million.

Therefore the investigation by a law firm questions whether a potential sale process and the potential price would be unfair to the shareholders of OCZ Technology Group Inc. (NASDAQ:OCZ). The investigation focuses whether the OCZ Technology Group board of directors will in the event of a takeover undertake an adequate and fair sales process to obtain fair consideration for all shareholders of OCZ Technology Group Inc. (NASDAQ:OCZ) and will breach their fiduciary duties to OCZ Technology Group (OCZ) shareholder by failing to adequately shop the Company before entering into any transaction. In addition the investigation seeks also to determine if any officer, director or any insiders violated any laws in connection with the takeover rumors. The investigation concerns also whether the acquirer would underpay for NASDAQ:OCZ shares, thus unlawfully harming OCZ Technology Group investors. A potential class action lawsuit would seek to maximize the amount of money and information OCZ shareholders would receive in a buyout, so the law firm.