RCS Capital chairman sued
December 18, 2014 at 18:11 PM EST
The
Wall Street Journal reported that RCS Capital (NYSE: RCAP) chairman
Nicholas Schorsch has been sued for his role in an accounting scandal at
American Realty Capital Properties Inc. (Nasdaq: ARCP). Shares of RCS Capital dropped $1.81 to close at $9.95 while American Realty Capital slipped 34 cents to close at $8.07.