April 07, 2020
A New York federal judge awarded attorneys at Glancy Prongay & Murray LLP $7.5 million in fees — $15.4 million less than what they had initially requested — for their role in guiding American Realty Capital Properties investors to a $286.5 million deal ending derivative claims.
January 23, 2020
A New York federal judge approved a $286.5 million deal to end derivative claims in a case involving allegedly shady accounting practices at the real estate business formerly known as American Realty Capital Properties, though a $23 million request for attorney fees remains undecided.
January 03, 2020
A New York federal judge pointed to a lack of billing records on Friday as he held off approving nearly $23 million in attorney fees requested by derivative plaintiffs in a case revolving around allegedly shady accounting practices at the real estate business formerly known as American Realty Capital Properties.
September 30, 2019
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.
August 03, 2015
An investor in American Realty Capital Properties Inc., recently renamed Vereit Inc., sued some of its officers and directors in New York federal court Friday, claiming ARCP wrongly refused to pursue claims against its own brass over an accounting restatement and stock drop.