Defendant Name: New York REIT, Inc.

Defendant Type: Public Company
SIC Code: 6798
CUSIP: 64976L10

Initial Case Details

Legal Case Name In the Matter of New York REIT, Inc. and New York Recovery Advisors, LLC
First Document Date 21-Jun-2017
Initial Filing Format Administrative Action
File Number 3-18040
Allegation Type Issuer Reporting and Disclosure

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 15(d)
Other
• Rule 15d-1 Exchange Act
Additionally, New York Recovery Advisors, LLC is alleged to have caused New York REIT, Inc.'s violation of Rule 12b-20 of the Exchange Act.
New York Recovery Advisors, LLC is alleged to have caused New York REIT, Inc.'s violation of Sec 15(d) of the Exchange Act.
New York Recovery Advisors, LLC is alleged to have caused New York REIT, Inc.'s violation of Rule 15d-1 Exchange Act.

Resolutions

First Resolution Date 21-Jun-2017

Related Documents:

34-80992 21-Jun-2017 Administrative Proceeding
Order Instituting Cease-and- Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, Imposing Civil Penalties, and a Cease-and-Desist Order
According to the SEC: "These proceedings arise out of the failure of NY REIT, a public, non-exchange listed ("non-listed") real estate investment trust ("REIT"), to make accurate and complete disclosures concerning revisions to its corporate charter. NY REIT's corporate charter revisions limited the applicability of certain shareholder protections, including the right to an independent appraisal of NY REIT's assets, in the event of a "Roll-Up Transaction." NY REIT's corporate charter defined a Roll-Up Transaction as involving the acquisition, merger, conversion or consolidation of the company and the issuance of securities of the acquiring entity to shareholders of NY REIT's common stock."

Other Defendants in Action:

New York Recovery Advisors, LLC