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SEC Accepts VEREIT Settlement Over Schorsch-Era Accounting Scandal

The Securities Exchange Commission has agreed to accept a settlement offer from Vereit Inc. (NYSE: VER), a publicly traded REIT formerly known as American...

ARCP CFO Brian Block Ordered to Report to Federal Prison

Brian Block, long-time partner of AR Global’s Nicholas Schorsch and former chief financial officer of American Realty Capital Properties, will begin serving his 18-month...

Appellate Court Upholds Securities Fraud Conviction of ARCP’s Brian Block

Last Thursday, the Second Circuit Court of Appeals upheld the conviction of Brian Block, long-time partner of AR Global’s Nicholas Schorsch and former chief...

VEREIT to Pay $8 Million to Settle SEC Investigation of Schorsch-Era...

VEREIT, Inc. (NYSE: VER), a publicly traded REIT formerly known as American Realty Capital Properties (ARCP), has reached an agreement with the Securities Exchange...

Court Grants Preliminary Approval to Settle $1 Billion Vereit/ARCP Class Action

Vereit Inc. (NYSE: VER), a publicly traded REIT formerly known as American Realty Capital Properties (ARCP), disclosed that during a hearing on Thursday, the...

AR Capital and Schorsch to Settle SEC Charges for $60 Million

The Securities and Exchange Commission has charged AR Capital LLC, its founder Nicholas S. Schorsch, and its former CFO Brian Block with wrongfully obtaining...

Vereit Settles Additional ARCP-Related Lawsuits

Vereit Inc. (NYSE: VER), a publicly traded REIT formerly known as American Realty Capital Properties (ARCP), has entered into additional settlement agreements with shareholders...

Brian Block Denied New Trial for ARCP Accounting Scandal

Brian Block, former chief financial officer of American Realty Capital Properties, was denied a new trial after being convicted of intentionally reporting false numbers...

Vereit Reaches Settlement with Additional Shareholders

Vereit Inc. (NYSE: VER), a publicly traded REIT formerly known as American Realty Capital Properties (ARCP), has agreed to settle claims with additional shareholders...

Four Cole Non-Traded REITs Name New Directors

Four Cole Capital non-traded real estate investment trusts have named two new directors following the resignation of Glenn Rufrano, effective December 31, 2018.Rufrano...

Vereit to Settle Four ARCP Lawsuits for $42.5 Million

Vereit Inc. (NYSE: VER), a publicly traded REIT formerly known as American Realty Capital Properties (ARCP), has agreed to settle another batch of lawsuits...

Vereit to Settle Eight ARCP Lawsuits for $85 Million

Publicly traded REIT Vereit Inc. (NYSE: VER) and its operating partnership have agreed to pay $85 million to settle previously disclosed litigations stemming from...

Feds Urge Appeals Court to Uphold Conviction of ARCP CFO Brian...

Federal prosecutors filed their brief with the Second Circuit Court of Appeals on Wednesday urging the court to uphold the conviction of Brian Block,...

Vereit Settles with Vanguard Over ARCP’s 2014 Accounting Scandal

Vereit Inc. (NYSE: VER), a publicly traded REIT formerly known as American Realty Capital Properties, has agreed to pay $90 million to Vanguard Specialized...

LPL and Advisor Group Parent Among Potential Cetera Buyers

LPL Financial and Advisor Group-owner Lightyear Capital are showing interest in buying Cetera Financial Group’s network of six independent broker-dealer firms, according to a...

Former ARCP Chief Accounting Officer Lisa McAlister Sentenced to Time Served

Lisa McAlister, the former chief accounting officer of American Realty Capital Properties Inc., was sentenced to time served and one year of supervised release...

Former ARCP CFO Brian Block Urges Court to Reverse Conviction

Brian Block, the former chief financial officer of American Realty Capital Properties and longtime partner of AR Global’s Nicholas Schorsch, is urging the Second...

Cetera Exploring Possible Sale

Cetera Financial Group, a network of six independent broker-dealer firms, is reportedly engaging investment banking firms to explore its capital structure options, including a...

SEC Obtains Final Judgment Against Former CFO of American Realty Capital...

The Securities and Exchange Commission announced that the United States District Court for the Southern District of New York entered a final judgment against...

Vereit Restitution Claim Against Ex-ARCP CFO Denied

United States District Judge J. Paul Oetken has denied a $35 million restitution request by Vereit Inc. (formerly American Realty Capital Properties) following the...