In re American Realty Capital Properties, Inc. Litigation

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Case overview

Case Number:

1:15-mc-00040

Court:

New York Southern

Nature of Suit:

Multi Party Litigation:

Class Action

Judge:

Alvin K. Hellerstein

Firms

Companies

Sectors & Industries:

  1. January 23, 2020

    Robbins Geller Bags $100M In Fees For $1B Vereit Settlement

    Robbins Geller Rudman & Dowd LLP attorneys will receive a $100 million payday for securing a $1.025 billion settlement for Vereit Inc. investors in a suit that accused the real estate investment trust of lying about its books, a New York federal judge ruled Thursday.

  2. January 21, 2020

    $1B Vereit Settlement Gets OK But Big Atty Payday On Hold

    A Manhattan federal judge signed off Tuesday on a $1.025 billion settlement between Vereit Inc. and investors who say the real estate investment firm lied about its books, but the judge held off on hashing out a $132 million fee request by lead class counsel Robbins Geller Rudman & Dowd LLP.

  3. December 18, 2019

    Robbins Geller Seeks $132M For $1B REIT Settlement

    Robbins Geller Rudman & Dowd LLP on Tuesday asked a New York federal judge for more than $132 million for its work brokering a $1 billion settlement for investors who had accused the real estate investment trust formerly known as American Realty Capital Properties of misreporting its financial situation, causing its stock to drop.

  4. September 30, 2019

    Vereit, Others Ink $1B Deal To End American Realty Litigation

    Vereit Inc., AR Capital LLC and others have agreed to contribute to a settlement fund of more than $1 billion in order to resolve an investor class action revolving around allegedly shady accounting practices at the real estate business formerly known as American Realty Capital Properties.

  5. August 24, 2017

    Judge In American Realty Case Expects To OK Class Period

    A New York federal judge on Thursday indicated that he was likely to approve the entire class period of a putative shareholder class action against American Realty Capital Properties Inc. but warned that no decision on certification is final until he puts it in writing.

  6. March 16, 2017

    American Realty Investors Say Class Cert. Is Easy Call

    TIAA on Wednesday urged a New York federal court to certify a class of American Realty Capital Properties investors on claims that the real estate investment trust's accounting shenanigans sank its stock value, arguing thousands of investors similarly injured by ARCP's statements are a slam dunk for certification.