AR Capital Execs Say Class Action Copies Derivative Suit
By Emilie Ruscoe ( March 19, 2020, 6:15 PM EDT) -- Executives of a real estate asset manager and others on Wednesday asked a New York federal court to toss a proposed securities class action alleging a subsidiary hotel real estate investment trust flouted a Financial Industry Regulatory Authority regulation and hid a "liquidity crisis" from investors, calling it a "cynical attempt to free ride" on an earlier derivative suit....
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