Glancy
Prongay & Murray LLP (“GPM”) is investigating potential claims
on behalf of investors of Brixmor Property Group Inc. ("Brixmor" or the
"Company") (NYSE: BRX) concerning the Company and its officers’ possible
violations of federal securities laws. GPM is preparing a lawsuit on
behalf of Brixmor investors to recover losses incurred following
disclosure of alleged accounting fraud by the Company.
On February 8, 2016, Brixmor disclosed that its Chief Executive Officer
Michael Carroll, President and Chief Financial Officer Michael
Pappagallo, Chief Accounting Officer Steven Splain and an accounting
employee resigned, effective immediately. This news came after an audit
committee uncovered that employees had been “smoothing” income in order
make quarterly net operating income more steady. On this news shares of
Brixmor fell over $5 per share, or nearly 20%, during intraday trading
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 Lesley
Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los
Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by
email to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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