VEREIT continues to settle legal claims in relation to a 2014 accounting scandal under former chief executive Nicholas Schorsch. The firm, previously known as American Realty Capital, spent $42.5 million in a fresh round of payouts to settle four class-action lawsuits, bringing its total to $217.5 million since last June. The four cases, which were pending in the Southern District of New York, were filed by funds with ties to investment firms such as Cohen […]
source https://therealdeal.com/2018/10/29/vereit-pays-43m-in-fresh-round-of-legal-settlements/
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