Sculptor Sued by Investor Who Calls Rithm Takover Offer Unfair

Sculptor Capital Management Inc. was sued by a shareholder who says the company’s proposed $639 million acquisition by Rithm Capital Corp. is unfair to investors.

The shareholder, Yale David, sued in federal court in Manhattan to stop the transaction from going forward, saying that investors have been deprived of the information needed to decide whether to vote in favor of the deal — including the sales process and financial projections for Sculptor.

Sculptor accepted Rithm’s bid of $11.15 a share in July, rejecting a rival offer from a group including Boaz Weinstein, Bill Ackman, Marc Lasry and Jeff ...