NEW YORK, Oct. 29, 2014 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at American Realty Capital Properties, Inc. ("ARCP" or the "Company") (NASDAQ: ARCP).
The investigation focuses on whether the Company and its executives violated federal securities laws by making false and misleading statements and/or failing to disclose material facts regarding its business and operations.
On October 29, 2014, ARCP announced that the Company's earnings releases and other financial communications for the fiscal year ended December 31, 2013 and the fiscal periods ended March 31, 2014 and June 30, 2014 should no longer be relied upon due to "accounting issues."
Following this news, the price of the Company's stock declined by $2.35 per share, or nearly 19%, to close on October 29, 2014 at $10.03 per share.
Request more information now by clicking here: www.faruqilaw.com/ARCP. There is no cost or obligation to you.
Take Action
If you invested in ARCP stock, bonds or options prior to October 29, 2014 and would like to discuss your legal rights, visit www.faruqilaw.com/ARCP. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding ARCP's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
[email protected]
Telephone: (877) 247-4292 or (212) 983-9330
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SOURCE Faruqi & Faruqi, LLP
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