VEREIT (VER) to Settle Pending SEC Investigation

VEREIT, Inc. (NYSE: VER) and VEREIT Operating Partnership, L.P. (together with VEREIT, Inc., "VEREIT" or the "Company") announced today that the Company and the staff of the Enforcement Division of the Securities Exchange Commission ("SEC") have reached agreement on the material terms of a negotiated resolution relating to the SEC's investigation of the matters disclosed in the Company's October 29, 2014 Form 8-K relating to, among other things, the preliminary results of an investigation conducted by the Company's audit committee regarding certain accounting practices. The agreement with the SEC staff, which is subject to documentation and approval by the SEC's Commissioners, includes payment of $8 million as a civil penalty.

You May Also Be Interested In

• DEFSEC Technologies (DFSC) files for 4.05M share offering by selling stockholders
• Energy Vault’s 100 MW AI Infrastructure Project in Sardinia Receives Italian Government Designation as Project of Pre-Eminent National Strategic Interest
• Kidz AI agrees to acquire 2% stake in Cambodia data center