Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York
NEW YORK, March 01, 2021 (GLOBE NEWSWIRE) – Wolf Haldenstein Adler Freeman & Herz LLP announces a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of reciprocal buyers in the fund shares of the Infinity Q Diversified Alpha Fund (NASDAQ: IQDAX, IQDNX) from December 21, 2018 through February 22, 2021 (the “Class Period”).
All investors who have bought mutual fund shares from the Infinity Q Diversified Alpha Fund and any losses incurred are requested to contact the company immediately email@example.com or (800) 575-0735 or (212) 545-4774. You can get additional information about the promotion or Join the case on our website, www.whafh.com.
If you lose in the mutual fund shares of the Infinity Q Diversified Alpha Fund allows you to no later than April 27, 2021, Ask the court to appoint you as the lead plaintiff in the proposed class. Please contact Wolf Haldenstein to find out more about your rights as an investor in investment fund units Infinity Q Diversified Alpha Fund.
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In response to a federal investigation, Infinity Q Capital Management announced on February 22, 2020 that a $ 1.8 billion mutual fund had closed and James Velissaris, its founder and chief investment officer, had been granted leave of absence to accounts and trading while hiring an expert to assess the fund’s holdings. The company announced that the US Securities and Exchange Commission is investigating whether Velissari’s complex derivative securities, which represent approximately 20% of the value reported by the mutual fund, are mispriced.
Subsequently, on February 23, 2021, the Wall Street Journal published a report entitled “Investment Firm Stops Redemptions on $ 1.8 Billion Fund: Infinity Q Capital Management Bans Its Chief Investment Officer From Trading After Having Problems Valuing The Fund Has discovered fund holdings ”. The report said, “Investment firm Infinity Q Capital Management LLC has asked the Securities and Exchange Commission to stop redeeming one of its mutual funds and prohibit its chief investment officer from trading after discovering problems valuing fund holdings.”
The article goes on to say: “[t]The Fund was unable to calculate a Net Asset Value (“NAV”) on February 19, 2021 and it is uncertain when the Fund will be able to calculate a NAV that will enable it to fulfill requests for redemption of Fund Shares[.]”
Wolf Haldenstein has extensive experience prosecuting class and derivative disputes in state and federal courts and appeals courts across the country. The firm has lawyers in various fields of activity; and offices in New York, Chicago and San Diego. This firm’s reputation and expertise in shareholder and other class disputes has been recognized repeatedly by the courts who have appointed them to key positions in complex securities multiple district and consolidated litigation.
If you would like to discuss this promotion or if you have any questions about your rights and interests in this case, please contact Wolf Haldenstein immediately at (800) 575-0735, by email at firstname.lastname@example.org or visit our website on www.whafh.com.
Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, director of case and financial analysis
Email: email@example.com, firstname.lastname@example.org or email@example.com
Tel .: (800) 575-0735 or (212) 545-4774
This press release may be viewed as a solicitor’s advertisement in some jurisdictions under applicable laws and ethical rules.