Rithm Capital Corp.’s plan to amass Sculptor Capital Administration hit one other hurdle Wednesday when 4 former executives sued the hedge fund agency, alleging the transaction would wipe out greater than $127 million of shares they personal.
The ex-Sculptor executives requested a New York State Supreme Courtroom decide to postpone a Nov. 16 shareholder vote on the $720 million deal till their case is resolved. The complaint follows a separate authorized problem pending in Delaware Chancery Courtroom.
