Sculptor Founders Sue Firm Over Comp

The multistrategy firm is no stranger to controversy.

Sculptor Capital headquarters in New York. (Andrew Harrer/Bloomberg)

Sculptor Capital headquarters in New York.

(Andrew Harrer/Bloomberg)

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...

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