Friday, September 22, 2023
Courthouse News Service
Friday, September 22, 2023 | Back issues
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Shareholder Class Action

BALTIMORE - Directors misrepresented the condition of American Realty Capital Properties before buying Cole Real Estate Properties for $6.9 billion in a cash and stock swap deal, and the share price of the new company dove by more than 50% after the news came out, shareholders claim in City Court.

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