ARCP class action investors get 50 cents on the dollar

By Bruce Kelly
InvestmentNews
© 2019 Bonhill Group plc

The $1 billion settlement last month between investors and the real estate investment trust formerly known as American Realty Capital Properties Inc. included an unusually large recovery for the claimants of close to fifty cents on the dollar, as opposed to pennies on the dollar, which is typical for such claims.

On Friday, U.S. District Judge Alvin K. Hellerstein in New York gave preliminary approval to the settlements, according to a court filing.

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© 2019 Bonhill Group plc