U.S. Court of Appeals for the Fourth Circuit
Paradise Wire & Cable Defined Benefit Pension Plan v. Weil
This writing
- Type
- Opinion
- Filed
- March 11, 2019
- Case
- Paradise Wire & Cable Defined Benefit Pension Plan v. Weil
- Case status
- Decided
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Opening text
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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 in the proxy statement that induced their vot…
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