LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Infinity Q Capital Management LLC (“Infinity Q” or “the Company”) on behalf of investors in Infinity Q Diversified Alpha Fund Institutional Class shares (NASDAQ: IQDNX) or Infinity Q Diversified Alpha Fund Investor Class shares (NASDAQ: IQDAX) for violations of the federal securities laws.
Investors who purchased the Company’s securities between December 21, 2018 and February 22, 2021, inclusive (the ”Class Period”), are encouraged to contact the firm before April 27, 2021.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Infinity Q’s Chief Investment Officer adjusted parameters related to its third-party pricing model which impacted the valuation of swaps held by the Company. As a result of the change, the Company was incapable of calculating a proper NAV. The change also made past reported NAVs unreliable. The Company halted redemptions and liquidate its assets as a result of the change. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Infinity Q, investors suffered damages.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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