When American Realty Capital Properties changed its name to Vereit in 2015, the company hoped to leave its questionable past behind. But a lawsuit by Vanguard Group funds brought the skeletons out of the closet. On Monday, Vereit announced that it agreed to pay $90 million to settle the suit over the real estate investment trust’s 2014 accounting scandal. Vanguard Specialized Funds, along with other Vanguard funds, claimed investors lost billions after the scandal, which […]
source https://therealdeal.com/2018/06/11/vereit-pays-vanguard-90m-over-2014-accounting-scandal/
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