Dan Och Slams Sculptor Proxy With Demand for Merger Books, Records
- Group led by Sculptor founder seeks meeting notes, recordings
- His team seeks to probe ‘potential breaches of fiduciary duty’
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Dan Och is demanding that Sculptor Capital Management release books and records to investigate how the hedge fund firm he founded chose Rithm Capital Corp. as its merger partner.
A Sculptor proxy statement this week “appears to present a narrative that is misleading and incomplete,” Och and four other former executives said Tuesday in a filing. It shows that a special committee of the firm “remains beholden to management and is failing to act in the best interests of shareholders.”