Shareholder Rights Law Firm Johnson & Weaver, LLP today announced that
it is continuing to investigate whether certain officers or directors of
Brixmor Property Group Inc. (NYSE:BRX) violated state or federal laws
following the February 8, 2016 announcement that three of its top
officers, including its chief executive, had resigned after an internal
accounting review showed discrepancies in the Company's financial
statements.
It was disclosed that Brixmor’s quarterly statements had been tampered
with in order to show consistent growth in same-property net operating
income. "The board is disappointed to have learned of the conduct and
lack of appropriate management supervision uncovered as a result of the
Audit Committee review," Chairman John Schreiber said in a statement.
On this news, the stock was down over 25% in early morning trading
February 8, 2016.
If you are a Brixmor shareholder interested in learning more about
the investigation, your legal rights and remedies or if you have
information that may assist in our investigation, please contact lead
analyst Jim Baker (jimb@johnsonandweaver.com)
at 619-814-4471. If emailing, please include a phone number where you
can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law
firm with offices in California, New York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more information
about the firm and its attorneys, please visit http://www.johnsonandweaver.com.
Attorney advertising. Past results do not guarantee future outcomes.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160208005891/en/
Copyright Business Wire 2016