Non-disclosure agreements, disclosed

Last May, the chairman of New York REIT, a company that became notorious for having its dirty laundry aired in public, stressed the clandestine nature of a potential entity-level selloff of its $3 billion portfolio. The process “generated over 80 executed nondisclosure agreements,” company chair Randolph Read told investors on a conference call at the time. Those agreements, at least in theory, were designed to ensure the REIT would not have dozens of tongues wagging

source https://therealdeal.com/2020/07/07/non-disclosure-agreements-disclosed-3/