HCP To Pay Ventas Extra $125M In REIT Purchase Row

Law360, New York (November 9, 2011, 2:31 PM EST) -- Health care real estate investment trust HCP Inc. will pay $125 million more to end a Kentucky lawsuit alleging it misled investors and interfered with competitor Ventas Inc.'s acquisition of another REIT, bringing the total payout to nearly $228 million, the defendant said Wednesday.

HCP paid Ventas a $102.8 million jury award in August after the Sixth Circuit refused to throw out a 2009 federal jury verdict finding that HCP misled investors about the likelihood of its acquiring Sunrise Senior Living Real Estate Investment Trust. The...
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