NEW YORK, Nov. 01, 2022 (GLOBE NEWSWIRE) — Sculptor’s Independent Board Members (NYSE: SCU) and CIO & CEO Jimmy Levin made the following statements today.

The Independent Directors stated the following:

In a court filing last week related to a dispute over books and records, Mr. Och mentions a “personal issue” from the past of our CEO Jimmy Levin. This matter dates back 20 years and was thoroughly reviewed at the time, resulting in Mr. Levin’s discharge. A separate review by the Board when Mr. Och was Chairman confirmed the validity of that review and its findings. Mr. Och has long been aware of the facts, including when he championed Mr. Levin and promoted him to higher echelons of the company. Mr Och, who is now addressing this in the knowledge of the facts, is extremely disappointing.

Jimmy Levin, Sculptor’s Chief Investment Officer and Chief Executive Officer, stated the following:

Dan Och’s lawsuit in Delaware is the latest salvo in his years-long conflict with the firm and me. My colleagues and I have kept our heads down together throughout this time and focused on the work we are doing for our clients. In light of Och’s lawsuit last week, where he mentions a “personal issue” from my past, I have to lift my head for a moment.

Twenty years ago when I was 19 I was falsely accused of sexual misconduct. After a thorough administrative review of the allegation by Harvard University, I was exonerated. Unlike some of these situations, the allegation was not a question of consent – rather, the alleged conduct did not take place.

I brought this matter to the attention of the Company, its officers and directors in 2015. And after the company’s review, I received unconditional support, including from Och as then Chairman and CEO. In the years that followed, Och promoted me several times, repeatedly praised me in various internal and external communications and concluded a long-term employment contract with me.

My relationship…