VEREIT settles with another group of shareholders

|About: VEREIT Inc. (VER)|By:, SA News Editor

VEREIT (VER +0.3%) and its operating partnership agree to settle claims with shareholders who didn't participate in a class action pending in court.

VEREIT will pay about $15.7M in connection with the settlement and release of the claims.

The company has now settled claims brought by plaintiffs holding shares of common stock and swaps referencing common stock representing about 33.5% of VEREIT's outstanding shares for a total of about $233.2M.

Previously: VEREIT to pay $42.5M to settle with four more opt-out plaintiffs (Oct. 26, 2018)

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