NEW YORK, Dec. 2, 2014 (GLOBE NEWSWIRE) -- Rosen Law Firm announces that a class action has been filed on behalf of Cole Real Estate Investments, Inc. shareholders ("Cole") who exchanged their Cole shares for American Realty Capital Properties, Inc. stock (Nasdaq:ARCP) in connection with the merger and the December 23, 2013 merger registration statement. The lawsuit seeks to recover investment losses for former Cole shareholders under the federal securities laws.
To join the Cole ARCP class action, go to the website at http://www.rosenlegal.com/cases-453.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, On October 29, 2014, ARCP announced that its annual financial statements included in the merger registration statement issued in connection with the exchange of Cole shares for ARCP shares were materially inaccurate and must be restated. The lawsuit claims that as a result, the value of ARCP has declined causing former Cole shareholders damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 29, 2014. If you wish to join the litigation go to http://www.rosenlegal.com/cases-453.html or to discuss your rights or interests regarding this class action, please contact, Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.