Vereit has agreed to pay Vanguard Group $90 million as part of a settlement stemming from an accounting scandal when the company was run by Nicholas Schorsch.
A troubled real estate development company in Texas, United Development Funding, on Tuesday filed a lawsuit against hedge fund boss Kyle Bass
Vereit, a large listed real estate trust, said it was exiting the non-traded REIT business and selling Cole Capital to CIM Group.
Opponents of the Department of Labor's fiduciary rule were dealt another blow Monday when a federal judge in Dallas denied their latest effort to halt its implementation.
In a victory for the Department of Labor, a federal judge on Nov. 4 rejected an attempt by an insurance trade group to strike down its new fiduciary rule for retirement advice.