September 06, 2012
Bernstein Liebhard LLP is investigating whether the Board of Directors of American Realty Capital Trust, Inc. (“ARCT” or the “Company”) (NASDAQ: ARCT) breached its fiduciary duty to its shareholders in agreeing to sell ARCT to Realty Income Corporation (NYSE:O).
Under the terms of the agreement, ARCT shareholders will receive a fixed exchange ratio of 0.2874 Realty Income Corporation shares for each share they own. The investigation is focused on the potential unfairness of the price to ARCT shareholders and the process by which the ARCT Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last nine years.