SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Brixmor Property Group, Inc. (BRX)

08 Feb, 2016, 10:31 ET from Bronstein, Gewirtz & Grossman, LLC

NEW YORK, Feb. 8, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Brixmor Property Group, Inc. ("Brixmor" or the "Company") (NYSE: BRX). Such investors are advised to contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz at info@bgandg.com or 212-697-6484.

This investigation concerns whether Brixmor Property Group, Inc. and certain of its officers and/or directors have violated the Federal Securities Laws under the Securities Exchange Act of 1934 (the "Exchange Act"). 

On February 8, 2016, pre-market, Brixmor revealed the resignations of the Company's Chief Executive Officer, Michael Carroll, the President and Chief Financial Officer, Michael Pappagallo, and the Chief Accounting Officer, Steven Splain, effective immediately.  These resignations trail a negative audit committee review of Brixmor's non-GAAP reporting measure. The board to concluded after this audit that specific accounting and financial reporting personnel were "smoothing income items, both up and down," to show steady and dependable quarterly same property net operating income growth.  Brixmor announced that it does not believe the amounts involved were material to financial results, and does not believe it will be required to restate previous financial results. 

Following this news, Brixmor stock dropped as much as $4.43, or 16.8%, to just $21.99 per share during February 8, 2016 early intraday trading. 

If you are aware of any facts relating to this investigation, or purchased shares of Brixmor, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/#!brx/hu6wo.  You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com.  Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.  Attorney advertising. Prior results do not guarantee similar outcomes.

Contact: Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Yael Hurwitz 212-697-6484 | info@bgandg.com

 

SOURCE Bronstein, Gewirtz & Grossman, LLC



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