Queen City Investment Fund II, LLC is an American hedge fund.

According to the law firm press release, the Complaint alleges that during the Class Period, Defendants violated provisions of the federal securities laws by providing manipulated, fraudulent materials to investors to perpetuate a sham investment scheme that did little more than funnel money to Defendants for their personal use. As alleged in the Complaint, Defendants' elaborate deception misled Plaintiffs and other members of the class for over 10 years into investing substantial funds in a program whose purported goal was to generate significant returns at low risk.

On April 8, 2014, the Court issued an Order appointing lead Plaintiffs and approving lead Counsel. Lead Plaintiffs filed an amended Complaint on May 13. A corrected Complaint was filed the next day.

Lead Plaintiffs filed a motion for class certification on June 12, 2014.

On July 29, 2015, certain Defendants filed a series of Settlement Agreements. Preliminary approval was granted on September 9. On October 30, the Court granted final approval of the Settlement.