Mr. Khuzami, who is now a partner at Kirkland & Ellis, has signed on as Mr. Kay's attorney in the defense of a complaint filed in December.
A blockbuster lawsuit alleging misconduct by Nicholas Schorsch is one of many issues confronting his vast real estate empire.
Amid <a href=http://www.investmentnews.com/article/20141218/FREE/141219906/schorsch-accused-of-manipulating-arcp-books-suit target="_blank">allegations that Nicholas Schorsch ordered underlings to alter financial records</a>, the Massachusetts regulator expands probe to include American Realty Capital Properties.
Investors in a nontraded REIT launched by Tony Thompson, the one-time noted real estate sponsor, were told last week that the net asset value of the REIT had eroded by nearly 30%.
Industry "floored" by allegation that REIT czar had hand in $23 million accounting error at American Realty Capital Properties.
Up to $13.6 billion in fresh equity expected to flow from listings, mergers and special distributions.
Comes on heels of another $200,000 penalty last year for missing a stock-fraud scheme
IRS will auction an annuity that was part of a contract Darryl Strawberry signed with the Mets nearly 30 years ago.
REIT czar resigns from RCAP, boards of 11 AR Capital affiliates. New chairman says change allows company to simplify governance, minimize 'perceived' conflicts and cut complexity. (And check out <a href="//www.investmentnews.com/gallery/20141223/FREE/122309998/PH"" target=""_blank"" rel="noopener noreferrer">the triumphs and trials of Nick Schorsch</a>.)
Massachusetts regulator has launched an investigation into Realty Capital Securities, the wholesaling broker-dealer arm of Nicholas Schorsch's nontraded REIT empire. (<b><i>Also: <a href="http://www.investmentnews.com/article/20141105/FREE/141109957/schorsch-remains-confident-in-his-empire" target="_blank">Schorsch remains confident in his empire</a>)</b></i>
