This official website is maintained by the Settlement Administrator under the supervision of Plaintiff's Counsel for the members of the Class in the Action entitled In Re Sculptor Capital Management, Inc. Stockholder Litigation, Consolidated C.A. No. 2023-0921-SG pending in the Court of Chancery of the State of Delaware.
The information contained on this website is only a summary of the information presented in more detail in the Notice of Pendency
and Proposed Settlement of Stockholder Class Action, Settlement Hearing, and Right to Appear (the “Notice”), which you can access
here. Because this website is just a summary, you should
review the Notice for additional details.
This website relates to a stockholder class action (the “Action”), pending in the Court of Chancery of the State of Delaware (the “Court”), on behalf of common stockholders of Sculptor Capital Management, Inc. (“Sculptor” or “Company”), whose shares were acquired by Rithm Capital Corp. (“Rithm”) at the closing of the Merger (defined in paragraph 4 of the Notice).
Plaintiff Gilles Beauchemin (“Plaintiff”), on behalf of himself and the Class (defined in paragraph 16 of the Notice) and defendants Daniel S. Och, Harold A. Kelly, Jr., Richard Lyon, James O’Connor, Zoltan Varga, Marcy Engel, Bharath Srikrishnan, Charmel Maynard, David Bonanno, James Levin, Wayne Cohen, Rithm Capital Corp., Calder Sub, Inc., Calder Sub I, LP, Calder Sub II, LP, Calder Sub III, LP, Sculptor Capital Management, Inc., Sculptor Capital LP, Sculptor Capital Advisors LP, Sculptor Capital Advisors II LP, (the “Defendants”) have reached a proposed settlement for $6,500,000 in cash (the “Settlement”). The proposed Settlement, if approved, will resolve all claims in the Action, and the Action will be dismissed with prejudice.
If you are a member of the Class, you are subject to the Settlement. The Class preliminarily certified by the Court for purposes of the Settlement consists of:
PLEASE NOTE: The Class is a non-“opt-out” class pursuant to Delaware Court of Chancery Rules 23(a), 23(b)(1), and 23(b)(2). Accordingly, Class Members do not have the right to exclude themselves from the Class.
Please Note: If you are eligible to receive a payment from the Net Settlement Fund (defined in the Notice), you do not have to submit a claim form in order to receive your payment.
Please be patient. If the Settlement is approved by the Court, it will take some time to conduct the Settlement distribution.
PLEASE READ THE NOTICE CAREFULLY AND IN ITS ENTIRETY. The Notice explains how Class Members will be affected by the Settlement. The following table provides a brief summary of the rights you have as a Class Member and the relevant deadlines, which are described in more detail in the Notice.
This website relates to a stockholder class action (the “Action”), pending in the Court of Chancery of the State of Delaware (the “Court”), on behalf of common stockholders of Sculptor Capital Management, Inc. (“Sculptor” or “Company”), whose shares were acquired by Rithm Capital Corp. (“Rithm”) at the closing of the Merger (defined in paragraph 4 of the Notice).
Plaintiff Gilles Beauchemin (“Plaintiff”), on behalf of himself and the Class (defined in paragraph 16 of the Notice) and defendants Daniel S. Och, Harold A. Kelly, Jr., Richard Lyon, James O’Connor, Zoltan Varga, Marcy Engel, Bharath Srikrishnan, Charmel Maynard, David Bonanno, James Levin, Wayne Cohen, Rithm Capital Corp., Calder Sub, Inc., Calder Sub I, LP, Calder Sub II, LP, Calder Sub III, LP, Sculptor Capital Management, Inc., Sculptor Capital LP, Sculptor Capital Advisors LP, Sculptor Capital Advisors II LP, (the “Defendants”) have reached a proposed settlement for $6,500,000 in cash (the “Settlement”). The proposed Settlement, if approved, will resolve all claims in the Action, and the Action will be dismissed with prejudice.
If you are a member of the Class, you are subject to the Settlement. The Class preliminarily certified by the Court for purposes of the Settlement consists of:
All record holders and beneficial owners of Sculptor common stock whose shares Rithm acquired at the closing of Rithm’s acquisition of Sculptor by merger on November 17, 2023 (the “Class Shares”) in their capacities as holders of Class Shares, together with their heirs, assigns, transferees, and successors, in each case in their capacity as holders or beneficial owners of Class Shares.
PLEASE NOTE: The Class is a non-“opt-out” class pursuant to Delaware Court of Chancery Rules 23(a), 23(b)(1), and 23(b)(2). Accordingly, Class Members do not have the right to exclude themselves from the Class.
Please Note: If you are eligible to receive a payment from the Net Settlement Fund (defined in the Notice), you do not have to submit a claim form in order to receive your payment.
Please be patient. If the Settlement is approved by the Court, it will take some time to conduct the Settlement distribution.
PLEASE READ THE NOTICE CAREFULLY AND IN ITS ENTIRETY. The Notice explains how Class Members will be affected by the Settlement. The following table provides a brief summary of the rights you have as a Class Member and the relevant deadlines, which are described in more detail in the Notice.
| CLASS MEMBERS’ LEGAL RIGHTS IN THE SETTLEMENT: | |
|---|---|
| RECEIVE A PAYMENT FROM THE SETTLEMENT. CLASS MEMBERS DO NOT NEED TO SUBMIT A CLAIM FORM. | If you are a member of the Class (defined in paragraph 16 of the Notice), you may be eligible to receive a pro rata distribution from the Settlement proceeds. Eligible Class Members do not need to submit a claim form in order to receive a distribution from the Settlement, if approved by the Court. Your distribution from the Settlement will be paid to you directly. See paragraphs 22-29 of the Notice for further discussion. |
| OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN MAY 3, 2024. | If you are a member of the Class and would like to object to the proposed Settlement, the proposed Plan of Allocation, or Plaintiff’s Counsel’s request for an award of attorneys’ fees and expenses, you may write to the Court and explain the reasons for your objection. See paragraphs 38-42 of the Notice for further discussion. |
| ATTEND A HEARING ON MAY 20, 2024 AT 10:00 A.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN MAY 3, 2024. | Filing a written objection and notice of intention to appear that is received by May 3, 2024, allows you to speak in Court, at the discretion of the Court, about your objection. In the Court’s discretion, the May 20, 2024 hearing may be conducted by telephone or video conference (see paragraphs 35-37 of the Notice). If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection. |
