Sculptor Capital’s special committee calls Dan Och’s lawsuit ‘baseless’

Sculptor Capital Management, Inc.’s Special Committee of its Board of Directors issued the following statement in response to a complaint filed in Delaware Chancery Court by Daniel S. Och, Harold Kelly, Richard Lyon, James O’Connor, and Zoltan Varga. “The Special Committee’s role is to recommend the transaction that it believes is in the best interest of stockholders, based on price and certainty of closing. Contrary to Dan Och’s assertions in the baseless lawsuit filed today that he too seeks to act in the best interest of stockholders, his ongoing campaign against the company, including his conduct throughout the Special Committee’s process, has cost stockholders significant value. His complaint is replete with materially misleading statements, and Sculptor intends to vigorously defend itself.”