Pomerantz Law Firm Launches Investigation into Necessity Retail REIT, Inc. for Potential Securities Fraud

Pomerantz Law Firm Under Investigation for Necessity Retail REIT, Inc.

Pomerantz LLP, a leading firm in securities litigation, is actively investigating potential claims on behalf of investors who own shares of Necessity Retail REIT, Inc. (NASDAQ: RTL). This inquiry follows Necessity Retail’s merger with Global Net Lease, Inc. on September 12, 2023.

The investigation is centered around concerns regarding whether Necessity Retail, along with certain directors and officers, might have engaged in fraudulent practices or violated securities laws. Investors who received shares of Global Net Lease in the wake of this acquisition and have insights or claims related to this matter are encouraged to reach out to attorney Danielle Peyton of Pomerantz LLP, either by phone at 646-581-9980, ext. 7980 or via email.

Background of the Merger

The merger, which involved the exchange of shares, was accompanied by offering materials that projected the financial potential of the combined entities. Specifically, these projections conveyed expected Adjusted Funds From Operations (AFFO) of approximately $399.8 million for 2024 and $409 million for 2025. AFFO is a key metric utilized by Real Estate Investment Trusts (REITs) to evaluate their cash generation capabilities for shareholder distributions.

However, following the merger, Global Net Lease's share price experienced a significant downturn, plummeting by over 33%. This decline raises alarms among investors concerning the accuracy and reliability of the projections made prior to the merger.

Pomerantz's Reputation and Mission

Pomerantz LLP is recognized for its profound expertise in corporate, securities, and antitrust class actions. The firm was established by the trailblazer Abraham L. Pomerantz, who is esteemed as the pioneer of securities class actions. With more than 85 years in operation, Pomerantz continues to champion the interests of investors, ensuring accountability for those who commit securities fraud and corporate misconduct. The firm has successfully secured substantial settlements for class members, reinforcing its position as a leading advocate in this field.

As the ongoing investigation unfolds, Pomerantz is committed to ensuring that the rights of affected investors are upheld. Investors looking to join the class action or needing further information can find more details at Pomerantz’s official website.

Conclusion

The investigation into Necessity Retail REIT, Inc. highlights the vital role law firms like Pomerantz LLP play in safeguarding investors’ rights. As the effects of the merger are felt in the marketplace, transparency and accountability remain crucial in the realm of corporate finance. Investors are urged to stay informed and proactive in their efforts to seek potential redress related to their investments amidst this investigation.