PARADISE WIRE & CABLE DEFINED BENEFIT PENSION PLAN; Hollingsworth, Mendenhall and McFadden, LLC; IG Holdings, Incorporated; IG Revocable Trust; Dr. Stuart Wollman; Sheila Rosenberg; Rene Demeule, Individually on Behalf of Themselves and All Others Similarly Situated, Plaintiffs-Appellants,
v.
Edward M. WEIL, Jr.; American Realty Capital Retail Advisor, LLC; David Gong; Lisa D. Kabinick; Stanley Perla; Nicholas Radesca; Leslie D. Michelson; Edward G. Rendell; American Realty Capital—Retail Centers of America, Incorporated; AR Global Investments LLC; American Finance Trust, Incorporated, Defendants-Appellees.
United States Court of Appeals, Fourth Circuit.https://leagle.com/images/logo.png
Affirmed by published opinion. Judge Quattlebaum wrote the opinion, in which Judge Niemeyer and Judge Duncan joined.
QUATTLEBAUM, Circuit Judge:
This case arises from the merger of American Realty Capital — Retail Centers of America, Inc. ("RCA") and American Finance Trust, Inc. ("AFIN"). After the merger, the shareholders of RCA discovered information about AFIN's financial condition that indicated AFIN was worth less and was less healthy than represented...
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