Morris Kandinov LLP represents a group of investors in the Infinity Q Diversified Alpha Fund who have raised objections to a proposed class action settlement pending in New York. The objection papers address a range of substantive and structural deficiencies with the settlement and request that the court deny final approval. Among other things, the settlement proposes to provide a nationwide class release to one of the fund’s primary service providers for only $250,000, despite that the fund’s losses exceeded $500 million. The investors seek permission from the court to renegotiate the deal and, if unsuccessful, then to resolve it through a proceeding initiated under the SEC’s supervision.
Additional information regarding the proposed settlement is available on the settlement website.
For more information about the case, contact Leo Kanidnov at leo@moka.law.
