Infinity Q Capital Management, LLC

Period: 12/21/2018 to 02/22/2021
Lead Plaintiff Deadline: 04/27/2021

SUMMARY OF CASE:

A securities class action has been filed against Infinity Q Capital Management, LLC on behalf of all personsand entitieswho purchased the Infinity Q Diversified Alpha Fund Investor Class shares (IQDAX) or Institutional Class shares (IQDNX) between December 21, 2018 through February 22,2021.  This case has been filed in the USDC – E.D.N.Y.

The Complaint alleges that statements contained in thr registration statment and prospectus were materially false and/or misleading because they misrepresented and failed to disclose the following adverse facts pertaining to the Fund’s business, operational and financial results, which were known to Defendants or recklessly disregarded by them. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Infinity Q’s Chief Investment Officer made adjustments to certain parameters within the third-party pricing model that affected the valuation of the swaps held by the Fund; (2) consequently, Infinity Q would not be able to calculate NAV correctly; (3) as a result, the previously reported NAVs were unreliable; (4) because of the foregoing, the Fund would halt redemptions and liquidate its assets; and (5) as a result, the Prospectuses werematerially false and/or misleading and failed to state information required to be statedtherein