Pomerantz Law Firm Probes Allegations Against Necessity Retail REIT Investors

Investor Alert: Pomerantz Law Firm Investigates Necessity Retail REIT Claims

Pomerantz LLP, a distinguished law firm known for its work in corporate and securities litigation, has launched a thorough investigation on behalf of investors in Necessity Retail REIT, Inc. This inquiry primarily addresses allegations of potential securities fraud associated with the company's substantial merger with Global Net Lease, Inc., which occurred on September 12, 2023.

Investors who received shares of Global Net Lease as a result of this merger are encouraged to come forward as Pomerantz seeks to uncover whether any misconduct has taken place within Necessity Retail or any of its executives. As part of this investigation, Danielle Peyton of Pomerantz LLP is reaching out to those affected, urging them to contact the firm for further assistance. Investors can connect via email at [email protected] or by phone at 646-581-9980, ext. 7980.

The concerns surrounding this case arise from the Offering Materials linked to the merger. These documents included forecasts for the combined entity's Adjusted Funds From Operations (AFFO) from 2024 to 2028. AFFO is a critical measure REITs utilize to evaluate their ability to generate cash for shareholder dividends. According to the projections, the Expected AFFO for the merged company was outlined to be approximately $399.8 million for 2024 and $409.0 million for 2025. However, since the merger's completion, Global Net Lease's share price has plummeted by over 33%, raising red flags among investors.

This development has prompted Pomerantz to look closely into the opaque details surrounding the merger. The question remains whether there were any misrepresentations or omissions in the Offering Materials that could have misled investors regarding the financial health and growth potential of the merged company.

Founded over 85 years ago by Abraham L. Pomerantz, the firm has a storied history in the realm of class action lawsuits. Known as a pioneer in securities class actions, Pomerantz has a track record of recovering significant funds on behalf of investors harmed by corporate misconduct or breaches of fiduciary duty. They leverage their extensive experience and resources to fight against injustices in the corporate sphere, particularly concerning matters of securities fraud and investor rights.

As investigations continue and more information becomes available, it is crucial for those who might be affected by the merger's fallout to understand their rights and the available legal recourse. Shareholder activism plays a pivotal role in holding corporations accountable, and the Pomerantz LLP team is committed to ensuring investor interests are safeguarded. Their diligent approach could yield significant legal insights that may lead to potential recovery for affected investors.

In summary, the ramifications of this merger are under intense scrutiny, with Pomerantz Law Firm at the forefront of the investigation. Investors are urged to stay informed and proactive, keeping a watchful eye on further developments that may impact their investments in Necessity Retail REIT and the broader implications for corporate governance in the REIT sector.

For more updates on this unfolding situation or to seek assistance, interested parties are advised to keep in touch with Pomerantz LLP as they navigate the complexities of this critical investigation.