$286M American Realty Deal OK'd As Atty Fees Still Up In Air

By Mike LaSusa (January 23, 2020, 8:22 PM EST) -- A New York federal judge approved a $286.5 million deal to end derivative claims in a case involving allegedly shady accounting practices at the real estate business formerly known as American Realty Capital Properties, though a $23 million request for attorney fees remains undecided.

U.S. District Judge Alvin K. Hellerstein said in an order signed Tuesday and entered on Wednesday that he had conducted a fairness hearing and was ready to give final approval to the settlement. But Judge Hellerstein wasn't yet ready to rule on a request by the derivative plaintiffs for $22,920,000 in attorney fees and $594,882 in expenses....

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