Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Securities fraud defendant agrees to pay $217.5 million to opt-outs. A portent? [Reuters]

VEREIT, Inc. (VER) 
Last vereit, inc. earnings: 2/26 06:15 am Check Earnings Report
US:NYSE Investor Relations: ir.vereit.com
Company Research Source: Reuters
Securities fraud defendant agrees to pay $217.5 million to opt-outs. A portent? | Reuters 6 Min Read (Reuters) - On Friday, VEREIT, the successor to a scandal-beset real estate investment trust previously known as American Realty Capital Properties, reached an agreement with four hedge funds represented by Lowenstein Sandler. VEREIT said it would pay the funds $42.5 million to resolve their suits claiming ARCP defrauded investors by inflating a key accounting metric in a 2014 financial report. That’s on top of the $85 million settlement VEREIT entered earlier this month with several other big funds, including BlackRock, PIMCO and Clearline, represented by Bernstein Litowitz Berger & Grossmann; and a $90 million settlement in June with Vanguard funds represented by Boies Schiller Flexner. In all, VEREIT has pledged to put up $217.5 million to appease big institutional investors comprising nearly a third of ARCP’s investor base at the time of the alleged fraud. Notably, those big invest Show less Read more
Impact Snapshot
Event Time:
VER
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for VER alerts
Opt-in for
VER alerts

from News Quantified
Opt-in for
VER alerts

from News Quantified