February 25, 2021 - An investor in Infinity Q Diversified Alpha Fund Investor Class (NASDAQ: IQDAX) and Infinity Q Diversified Alpha Fund Institutional Class (NASDAQ: IQDNX) filed a lawsuit over alleged violations of Securities Laws in connection with certain allegedly false and misleading statements made between December 31, 2018 through February 22, 2021.

According to the complaint the plaintiff alleges on behalf of purchasers of in Infinity Q Diversified Alpha Fund Investor Class (NASDAQ: IQDAX) and/or Infinity Q Diversified Alpha Fund Institutional Class (NASDAQ: IQDNX) between December 31, 2018 through February 22, 2021, that the defendants violated Securities Laws. More specifically, the plaintiff claims that the defendants in the Prospectuses made false and/or misleading statements and/or failed to disclose that 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, that consequently, Infinity Q would not be able to calculate NAV correctly, that as a result, the previously reported NAVs were unreliable, that because of the foregoing, the Fund would halt redemptions and liquidate its assets, and that as a result, the Prospectuses were materially false and/or misleading and failed to state information required to be stated therein.