{"id":5751,"date":"2015-01-26T00:00:00","date_gmt":"2015-01-26T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2015\/01\/another_institutional_investor_1"},"modified":"2022-03-11T13:34:04","modified_gmt":"2022-03-11T19:34:04","slug":"another-institutional-investor-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/another-institutional-investor-1\/","title":{"rendered":"Another Institutional Investor Fraud Lawsuit Accuses American Realty Capital Properties Of Violating Securities Laws"},"content":{"rendered":"

The New York City Retirement Systems and TIAA-CREF have joined other institutional investors in suing . They contend that the real estate investment trust violated federal securities laws when it allegedly made misleading and false statements that misrepresented the company\u2019s business, as well as took part in a scam to fool the market and artificially inflate American Realty securities prices.<\/p>\n

The securities laws claims are related to a $23 million accounting error that REIT made during last year\u2019s first stated quarters, misstating the company\u2019s adjusted operation funds. While ARCP eventually disclosed the mistakes, the plaintiffs claim that the company\u2019s senior executives did not at first correct the error when it was discovered. The institutional investors believe that this was because executives wanted to get class members to buy American Realty securities at inflated prices.<\/p>\n

TIAA-CREF and the $158.7 billion pension fund are seeking lead plaintiff class action securities status for their institutional investor fraud lawsuit<\/a>.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The New York City Retirement Systems and TIAA-CREF have joined other institutional investors in suing . They contend that the real estate investment trust violated federal securities laws when it allegedly made misleading and false statements that misrepresented the company\u2019s business, as well as took part in a scam to fool the market and artificially […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3759],"tags":[3497,2814,2768],"class_list":["post-5751","post","type-post","status-publish","format-standard","hentry","category-reits","tag-american-realty-capital-properties","tag-arcp","tag-nicholas-schorsch"],"yoast_head":"\nAmerican Realty Capital Properties Accused Of Violating Securities Laws | Securities Fraud Attorney<\/title>\n<meta name=\"description\" content=\"American Realty Capital Properties are being sued after violaing federal securities laws when it allegedly made misleading and false 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