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SHAREHOLDER ALERT: Robbins LLP Announces That Infinity Q Diversified Alpha Fund (IQDAX, IQDNX) is Being Sued by Investors

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·2 min read
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Shareholder rights law firm Robbins LLP announces that a class action complaint has been filed on behalf of purchasers of Infinity Q Diversified Alpha Fund (the "Fund") Investor Class shares (NASDAQ: IQDAX) and International Class shares (NASDAQ: IQDNX) for alleged violations of the Securities Exchange Act of 1934 between December 21, 2018 and February 22, 2021. Trust for Advised Portfolios is the registered issuer of the Fund. Infinity Q Capital Management, LLC acts as investment advisor to the Fund pursuant to an Investment Advisory Agreement.

If you suffered a loss due to Infinity Q Capital Management, LLC's misconduct, click here.

Infinity Q Capital Management, LLC Harmed Investors of Infinity Q Diversified Alpha Fund (IQDAX, IQDNX) by Reporting Incorrect Valuations of Derivatives in the Fund's Portfolio

According to the complaint, defendants made materially false and misleading statements to investors regarding the Fund's business, operational, and financial results. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) 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; (ii) consequently, Infinity Q would not be able to calculate NAV correctly; (iii) as a result, the previously reported NAVs were unreliable; and (iv) therefore, the Fund would halt redemptions and liquidate its assets.

On February 22, 2021, Infinity Q filed a request with the SEC for an order pursuant to Section 22(e)(3) of the Investment Company Act of 1940 suspending the right of redemption with respect to shares of the Fund, effective February 19, 2021, because of Infinity Q's inability to determine NAV. The request also stated that the Fund was liquidating its portfolio and distributing its assets to shareholders.

If you purchased shares of Infinity Q Diversified Alpha Fund Investor Class shares (IQDAX) or International Class shares (IQDNX) between December 21, 2018 and February 22, 2021, you have until April 27, 2021, to ask the court to appoint you lead plaintiff for the class.

Contact us to learn more:
Lauren Levi
(800) 350-6003
llevi@robbinsllp.com
Shareholder Information Form

Robbins LLP is a nationally recognized leader in shareholder rights law. To be notified if a class action against Infinity Q Diversified Alpha Fund settles or to receive free alerts about companies engaged in wrongdoing, sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210305005536/en/

Contacts

Lauren Levi
Robbins LLP
5040 Shoreham Place
San Diego, CA 92122
llevi@robbinsllp.com
(800) 350-6003
www.robbinsllp.com