VEREIT continues to settle accounts with its past. The firm, which was embroiled in a 2014 accounting scandal under former chief Nicholas Schorsch, agreed to pay $85 million in settlements to resolve eight class-action lawsuits, according to a filing with the Securities and Exchange Commission on Tuesday. The plaintiffs in the cases are investment funds and insurance firms, including entities tied to BlackRock, Clearline Capital Partners and Reliance Standard Life Insurance Company. VEREIT, then named […]
source https://therealdeal.com/2018/10/02/vereit-pays-85m-to-settle-accounting-scandal-class-action-suits/
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