NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm announces that it has filed a class action lawsuit on behalf of purchasers of American Realty Capital Properties, Inc. (NASDAQ:ARCP) securities between February 27, 2014 and October 29, 2014, inclusive. The lawsuit seeks to recover damages for ARCP investors under the federal securities laws.
To join the ARCP class action, go to the website at http://www.rosenlegal.com/cases-415.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email firstname.lastname@example.org or email@example.com for information on the class action. The suit is pending in U.S. District Court for the Southern District of New York.
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, ARCP issued materially false financial statements. On October 29, 2014, ARCP announced that its annual financial statements for the fiscal year ended on December 31, 2013 and its Quarterly Reports for the fiscal periods ended March 31, 2014 and June 30, 2014 should no longer be relied upon. On October 30, 2014 media outlets reported ARCP acknowledged that the accounting errors were intentionally concealed and that the SEC had begun an inquiry into ARCP’s accounting.
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 http://www.rosenlegal.com/cases-415.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 firstname.lastname@example.org or email@example.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.