#None #New York #Pomerantz LLP #Global Net Lease #Necessity Retail

Pomerantz Law Firm Investigates Necessity Retail REIT

Pomerantz LLP, a well-established law firm recognized for its work in corporate and securities litigation, has recently announced an investigation concerning Necessity Retail REIT, Inc. (NASDAQ: RTL). This investigation is aimed at examining possible claims from investors following the company's merger with Global Net Lease, Inc., which took place on September 12, 2023.

The firm encourages investors who were affected by this merger and received shares in Global Net Lease to reach out for further information and support. Those interested can contact Danielle Peyton at Pomerantz via email or phone.

Allegations of Securities Fraud

The investigation revolves around whether Necessity Retail and certain key officers have participated in securities fraud or other questionable business practices that may have adversely affected investors. As a result of the merger, there are serious concerns regarding the viability of the company's projected financial returns. The official offering materials released during the merger detailed ambitious Adjusted Funds From Operations (AFFO) forecasts, aiming for $399.8 million and $409 million for 2024 and 2025, respectively.

However, the share price of Global Net Lease has plummeted by over 33% since the merger, raising eyebrows about the accuracy of these financial predictions. Such a drastic drop could indicate that the optimistic projections shared with investors were overly inflated, leading to serious inquiries into the company's true financial health.

Background on Pomerantz LLP

Founded by Abraham L. Pomerantz, often referred to as the dean of the class action bar, the firm has a long history of representing victims of securities fraud and corporate misconduct. Pomerantz has successfully recovered substantial multi-million dollar damages for class members, thus, continuing to uphold its tradition of providing robust legal representation in securities cases.

The firm operates from multiple locations, including New York, Chicago, London, and Paris, highlighting its extensive reach and dedication to serving clients across borders. As more investors seek answers and potential redress through this investigation, Pomerantz remains a leading organization in advocating for shareholders’ rights and pursuing justice in instances of corporate wrongdoing.

What Investors Should Do

Investors who believe they have been affected by the merger between Necessity Retail and Global Net Lease are urged to consult with Pomerantz LLP to explore any possible claims that could arise from this merger. Ensuring all documents and communications related to the acquisition are preserved will be crucial for any potential legal action.

For direct assistance, affected investors can contact Danielle Peyton at Pomerantz LLP via email, or phone to discuss their situation and explore the possible paths forward. This investigation signifies a critical juncture for many investors who trusted in the prospects promoted during the merger, and who now seek answers in light of their declining investments.

In conclusion, this ongoing investigation may uncover vital information that could hold the company accountable for its actions leading up to the merger. As this situation unfolds, stakeholders are encouraged to stay informed and proactive in safeguarding their financial interests.