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Schorsch REIT Sued for Providing “Misleading” Information to Shareholders

The Real Deal

Shareholders of Nicholas Schorsch-controlled REIT American Finance Trust are suing over an IPO that wiped $1 billion off the company’s market value. The REIT, which started trading on the Nasdaq on July 19, opened at $13.15 per share and closed at $15 per share...

Mentions: Shareholder Lawsuit Schorsch REIT