Sculptor Founders Sue Firm Over Comp
The multistrategy firm is no stranger to controversy.
Sculptor Capital Management’s compensation awards are once again under attack.
This time it’s coming from the founders of the firm, previously known as the Oct-Ziff Capital Management Group.
In a lawsuit filed in Delaware Chancery Court, Daniel Och, Harold Kelly, Jr., Richard Lyon, James O’Connor, and Zoltan Varga — who collectively own 15 percent of the shares of the publicly traded hedge fund giant — are seeking to examine the books, records, and other key Sculptor documents related to the compensation awarded to top executives, especially chief executive...