sec whistleblower attorneys
July 16, 2019
AR Capital LLC, Nicholas S. Schorsch, Brian Block
Financial Fraud
SANCTION AMOUNT: Approximately $60,750,000
Defendants: AR Capital LLC
Nicholas S. Schorsch, Brian Block
Defendants, in connection with a pair of REIT mergers, allegedly inflated their incentive fees in breach of the relevant proxy disclosures. They also allegedly obtained unsupported charges/fees from asset purchase and sale agreements entered into in connection with the mergers. They agreed to settle the charges.
- Key Docs
- Official SEC press release
