EQUITY ALERT: Rosen Law Firm Files First Securities Class Action Lawsuit on Behalf of Infinity Q Diversified Alpha Fund Investors – IQDAX, IQDNX | Business & Finance
NEW YORK – (BUSINESS WIRE) – February 25, 2021–
Rosen Law Firm, a global investor rights law firm, announces that it has filed a class action lawsuit on behalf of buyers of shares in the Infinity Q Diversified Alpha Fund (NASDAQ: IQDAX, IQDNX) who have purchased or otherwise purchased or otherwise purchased Diversified Alpha Fund shares Traceable to the prospectuses dated December 31, 2018 or December 31, 2019 (the “Prospectuses”) or on the open market between December 31, 2018 and February 22, 2021 inclusive. The lawsuit seeks to seek compensation for investors of the Diversified Alpha Fund in accordance with federal securities laws.
According to the lawsuit, defendants made false and / or misleading statements in the prospectuses and / or failed to disclose that: (1) Infinity Q’s chief investment officer made adjustments to certain parameters within a third-party pricing model that relate to the Valuation of the swap held by the fund; (2) as a result, Infinity Q would not be able to correctly compute the NAV; (3) As a result, the previously reported net asset values were unreliable. (4) In response to the foregoing, the Fund would suspend redemptions and liquidate its assets. and (5) as a result, the prospectuses were materially inaccurate and / or misleading and did not contain any information about the information contained therein. When the real details hit the market, the lawsuit alleged that investors suffered damage.
NO CLASS HAS BEEN CERTIFIED IN THE ABOVE PROMOTION. Until a class is certified, you will not be represented by the advisor unless you keep one. You can keep the advice of your choice. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. An investor’s ability to participate in a potential future recovery does not depend on being the lead plaintiff.
Rosen law firm represents investors around the world and focuses on class action and shareholder derivatives litigation. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for number of class action settlements in 2017. The firm has been voted one of the top 3 every year since 2013. The Rosen law firm has filed its largest class action lawsuit ever for securities against a Chinese company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and reputable sources. Rosen law firm has raised hundreds of millions of dollars for investors. Lawyer advertising. Previous results do not guarantee a similar result.
CONTACT: Laurence Rosen, Esq.
275 Madison Avenue, 40th floor
Toll Free: (866) 767-3653
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
KEYWORD IN INDUSTRY: LEGAL PROFESSIONAL SERVICES
Copyright Business Wire 2021.
PUB: 02/25/2021 3:56 p.m. / DISC: 02/25/2021 3:56 p.m.
Copyright Business Wire 2021.