April 03, 2018
A proposed class of Resource Capital Corp. shareholders can't pursue a suit on behalf of the real estate investment trust without the board of directors' go-ahead, a New York federal judge said Monday, finding the investors couldn't prove the board's permission was unnecessary given its alleged involvement in the underlying claims.
January 23, 2017
Another Resource Capital Corp. shareholder has brought a suit against the real estate investment trust's directors in New York federal court, accusing them Monday of mishandling a Puerto Rico hotel loan portfolio that prompted a $41 million write-down in August 2015.