The Necessity Retail REIT ($RTL) $3.25M Investor Settlement

$3,250,000

Cash Settlement

24-C-23-003628

Case number

09/12/2023

Class period Start

09/12/2023

Class period End

The Necessity Retail REIT ($RTL) has agreed to settle $3.25 million with investors to resolve claims that fiduciary duties were breached in connection with the company’s 2023 merger with Global Net Lease.

Case Type

US Securities Class Action

Case Status

Distribution Preparation

Alleged Offence

Fraud,

Breach of Fiduciary duty

Suspected Party

Management

Security Type

Stocks

Trade Direction

Long

Plaintiffs

Robert G. Meyer, Thomas W. Miars

Attorneys

Levi & Korsinsky, LLP

Defendants

Michael Weil, Lisa Kabnick, Leslie Michelson, Stanley Perla, Edward Rendell

Administrator

EPIQ

Trades matching type

FIFO

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