Bragar Eagel & Squire, P.C. is investigating potential claims on behalf
of Brixmor Property Group (NYSE: BRX) investors concerning whether the
company’s officers and board of directors violated the federal
securities laws.
On February 8, 2016, pre-market, Brixmor announced the resignations of
Chief Executive Officer Michael Carroll, President and Chief Financial
Officer Michael Pappagallo, and Chief Accounting Officer Steven Splain,
effective immediately. The resignations follow an unfavorable audit
committee review of the company’s non-GAAP reporting measures, which led
the board to conclude that specific accounting and financial reporting
personnel were “smoothing income items, both up and down,” to show
consistent quarterly same property net operating income growth.
Following this news, Brixmor stock fell $5.32 per share, or over 20%, to
close at $21.10 on February 8, 2016.
If you purchased Brixmor securities, have information or would like to
learn more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters
please contact J. Brandon Walker, Esq. by email at investigations@bespc.com,
or telephone at (212) 355-4648, or by filling
out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating
in commercial and securities litigation. For additional information,
please go to www.bespc.com.
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