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Class Action Cases

A class action has been filed on behalf of IQDAX, IQDNX Investors. Click "Join this Class Action" above.

Attorneys

Infinity Q Diversified Alpha Fund

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Zhang Investor Law announces  a class action lawsuit on behalf of shareholders who bought shares of Infinity Q Diversified Alpha Fund from December 21, 2018 through February 22, 2021 (the “Class Period”). The lawsuit seeks to recover damages for Infinity Q Diversified Alpha Fund investors under the federal securities laws.

If you bought Infinity Q Diversified Alpha Fund securities between December 21, 2018  through February 22, 2021, and would like to join the action, please click “Join This Class Action,” above.

Press Release

SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Infinity Q Diversified Alpha Fund – IQDAX, IQDNX

New York, N.Y., March 4, 2021. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Infinity Q Diversified Alpha Fund (NASDAQ: IQDAX, IQDNX) between December 21, 2018 and February 22, 2021, inclusive (the “Class Period”).

To join the IQDAX, IQDNX class action, go to http://zhanginvestorlaw.com/cases/infinity-q-diversified-alpha-fund/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email info@zhanginvestorlaw.com for information on the class action.

Lead plaintiff status is not required to seek compensation. You may retain counsel of your choice. You may remain an absent class member and take no action at this time.

According to the lawsuit,  throughout the Class Period (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. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 27, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/infinity-q-diversified-alpha-fund/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at info@zhanginvestorlaw.com.

Zhang Investor Law represents investors worldwide.