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Levi & Korsinsky, LLP Announces Pendency of Stockholder Class Action and Proposed Settlement, Settlement Hearing, and Right To Appear Involving Owners of The Necessity Retail Reit, Inc. Common Stock
GlobeNewswire News Roomยท 2025-08-01 13:15
Core Points - A class action lawsuit is pending against The Necessity Retail Reit, Inc. with a proposed settlement of $3,250,000.00 USD [2][3] - The settlement aims to resolve all claims against the defendants, which include individual defendants and AR Global Investments, LLC [3] - A settlement hearing is scheduled for September 16, 2025, to determine various aspects of the settlement and class action [4][5] Company and Industry Summary - The Necessity Retail Reit, Inc. is involved in a class action lawsuit that affects all record and beneficial owners of its common stock as of September 12, 2023 [2] - The proposed settlement will distribute the Net Settlement Fund on a pro rata basis to eligible class members without requiring them to submit a claim form [8] - The settlement hearing will address the fairness and adequacy of the proposed settlement and the plan of allocation for the Net Settlement Fund [4][5]