NEW YORK, May 4, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE: PDM). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/pdm.
The investigation concerns whether Piedmont and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On May 3, 2017, Piedmont revealed that it had not properly accounted for goodwill regarding real estate assets sold or held for sale in prior periods. Due to these errors, Piedmont estimates a reduction in earnings for the years ended December 31, 2016, 2015 and 2014 of about $8.2 million, $41.7 million and $2.4 million, respectively. Following this news, Piedmont stock dropped $0.79 per share or roughly 3% to close at $21.18 on May 3, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of Piedmont, you can assist this investigation by visiting the firm's site: www.bgandg.com/pdm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
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.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | email@example.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-bronstein-gewirtz--grossman-llc-announces-investigation-of-piedmont-office-realty-trust-inc-pdm-300451698.html
SOURCE Bronstein, Gewirtz & Grossman, LLC