{"id":457815,"date":"2021-03-15T11:03:16","date_gmt":"2021-03-15T15:03:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=457815"},"modified":"2021-03-15T11:03:16","modified_gmt":"2021-03-15T15:03:16","slug":"glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-infinity-q-diversified-alpha-fund-iqdax-iqdnx","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-infinity-q-diversified-alpha-fund-iqdax-iqdnx\/","title":{"rendered":"Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Infinity Q Diversified Alpha Fund (IQDAX, IQDNX)"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n LOS ANGELES<\/span>, March 15, 2021<\/span> \/PRNewswire\/ —<\/p>\n

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\n
\n \"(PRNewsfoto\/Glancy
\n <\/a>\n <\/p>\n<\/p><\/div>\n

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\n Glancy Prongay<\/span> & Murray LLP<\/a> (“GPM”) reminds investors of the upcoming\u00a0April 27, 2021<\/span><\/b> deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Infinity Q Diversified Alpha Fund (“Infinity Q” or the “Company”) Investor Class shares (NASDAQ: IQDAX) or Institutional Class shares (NASDAQ: IQDNX) between December 21, 2018<\/span> and February 22, 2021<\/span><\/b>, inclusive (the “Class Period”).<\/p>\n

If you suffered a loss on your Infinity Q investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/infinity-q-diversified-alpha-fund\/<\/a>. You can also contact Charles H. Linehan<\/span>, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com<\/a> to learn more about your rights.<\/p>\n

On February 23, 2021<\/span>, The Wall Street Journal<\/i> published an article entitled, “Investment Firm Halts Redemptions on $1.8 Billion<\/span> Fund: Infinity Q Capital Management bans its chief investment officer from trading after discovering issues valuing the fund’s holdings”. The article reported that Infinity Q “asked the Securities and Exchange Commission to halt redemptions on one of its mutual funds and forbid its chief investment officer from trading after discovering issues valuing the fund’s holdings.” The article continued to state that, “[t]he fund was unable to calculate an NAV on February 19, 2021<\/span>, and it is uncertain when the fund will be able to calculate an NAV that would enable it to satisfy requests for redemptions of fund shares[.]”<\/p>\n

The complaint filed alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors 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 were materially false and\/or misleading and failed to state information required to be stated therein. <\/p>\n

Follow us for updates on LinkedIn<\/a>, Twitter<\/a>, or Facebook<\/a>.<\/p>\n

If you purchased or otherwise acquired Infinity Q shares\u00a0during the Class Period, you may move the Court no later than\u00a0April 27, 2021<\/span><\/b>to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to\u00a0learn more\u00a0about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire<\/span>, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California<\/span> 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com<\/a>, or visit our website at www.glancylaw.com<\/a>.\u00a0If you inquire by email please include your mailing address, telephone number and number of shares purchased. <\/p>\n

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. <\/p>\n

\n Contacts
<\/b>
\n Glancy Prongay<\/span> & Murray LLP, Los Angeles<\/span>
Charles Linehan<\/span>, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com<\/a>\u00a0
www.glancylaw.com<\/a><\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/glancy-prongay–murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-infinity-q-diversified-alpha-fund-iqdax-iqdnx-301246844.html<\/a><\/p>\n

SOURCE Glancy Prongay<\/span> & Murray LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire LOS ANGELES, March 15, 2021 \/PRNewswire\/ — Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming\u00a0April 27, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Infinity Q Diversified Alpha Fund (“Infinity Q” or the “Company”) Investor Class shares (NASDAQ: IQDAX) or Institutional Class shares (NASDAQ: IQDNX) between December 21, 2018 and February 22, 2021, inclusive (the “Class Period”). If you suffered a loss on your Infinity Q investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/infinity-q-diversified-alpha-fund\/. You can also contact Charles H. Linehan, of … <\/p>\n

Continue reading “Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Infinity Q Diversified Alpha Fund (IQDAX, IQDNX)”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-457815","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGlancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Infinity Q Diversified Alpha Fund (IQDAX, IQDNX) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-infinity-q-diversified-alpha-fund-iqdax-iqdnx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Infinity Q Diversified Alpha Fund (IQDAX, IQDNX) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire LOS ANGELES, March 15, 2021 \/PRNewswire\/ — Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming\u00a0April 27, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Infinity Q Diversified Alpha Fund (“Infinity Q” or the “Company”) Investor Class shares (NASDAQ: IQDAX) or Institutional Class shares (NASDAQ: IQDNX) between December 21, 2018 and February 22, 2021, inclusive (the “Class Period”). 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If you suffered a loss on your Infinity Q investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/infinity-q-diversified-alpha-fund\/. You can also contact Charles H. 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