Sculptor Capital Management, Inc. (OTCPK:SCMT)?s shareholder vote on a $720 million buyout bid by Rithm Capital Corp. (NYSE:RITM) will proceed as scheduled on 16 November 2023, virtually ensuring that the deal will be completed. The buyout appears on track after a pair of lawsuits failed to derail Rithm?s $12.70 per share bid for the hedge fund.

A New York judge on 14 November 2023 declined a request by a group of four former Sculptor executives to block the vote. Earlier in the day, a separate lawsuit in Delaware brought by a Sculptor shareholder was settled.