Sculptor Sued Over Allegedly Misleading Proxy in Rithm Merger

Sculptor Capital Management Inc. and its directors allegedly filed a proxy statement that omitted key details about a proposed merger with Rithm Capital Corp, a shareholder suit says.

Sculptor and Rithm disclosed the terms of the proposed $639 million deal in July, which include a $11.15 per share cash consideration for Class A shareholders, and filed the proxy statement soliciting votes for the merger last month.

But that filing didn’t include necessary information about the sales process, conflicts of interest, financial projections, or the data underlying the deal’s valuation, says the complaint filed Thursday in US District Court for ...