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Posted on: June 12, 2018, 1:01 p.m.
When American Realty Capital Properties changed its name to Vereit in 2015, the company hoped to leave its questionable past behind. But a lawsuit by Vanguard Group funds brought the skeletons out of the closet. On Monday, Vereit announced that it agreed to pay $90 million to settle the suit over the real estate investment trust’s 2014 accounting scandal. Vanguard Specialized Funds, along with other Vanguard funds, claimed investors lost billions after the scandal, which ... [more] Full investment news articleRelevent to this post: American Realty Capital,