Harwood Feffer LLP Announces Investigation of American Realty Capital Properties, Inc.

NEW YORK, Oct. 31, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of American Realty Capital Properties, Inc. ("ARCP" or the "Company") (NASDAQ: ARCP), concerning whether the board has breached its fiduciary duties to shareholders.

On October 29, 2014, ARCP disclosed that its Audit Committee had determined that a previously identified error in accounting for adjusted funds from operations had been intentionally not corrected.  According to the disclosure, other financial statement errors were also intentionally made.  The Company stated that its Form 10-K for the 2013 fiscal year and the Forms 10-Q from the first two fiscal quarters of 2014 should no longer be relied on.  It is reported that the Securities and Exchange Commission intends to launch an inquiry into these issues. 

Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.

If you own ARCP shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email:  bsachsmichaels@hfesq.com
Website:   http://www.hfesq.com 
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm. 

The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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