NEW ORLEANS, April 29, 2016 /PRNewswire/ -- Kahn Swick &
Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 31, 2016
to file lead plaintiff applications in a securities class action lawsuit against Brixmor Property Group Inc. (NYSE: BRX), if they
purchased the Company's securities between October 27, 2014 and February 5,
2016, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern
District of New York.
What You May Do
If you purchased shares of Brixmor and would like to discuss your legal rights and how this case might affect you and your
right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email
KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must
petition the Court by May 31, 2016.
About the Lawsuit
Brixmor and certain of its executives are charged with failing to disclose material information during the Class Period,
violating federal securities laws.
On February 8, 2016, Brixmor announced that its Chief Executive Officer, Chief Financial
Officer, Chief Accounting Officer, and an unnamed accounting employee had resigned after an internal accounting review by the
Company's Audit Committee showed discrepancies in the Company's financial statements. The Company stated that "specific company
accounting and financial reporting personnel, in certain instances, were smoothing income items, both up and down, between
reporting periods in an effort to achieve consistent" net operating income results.
On this news, the price of Brixmor's shares plummeted by over 20% and it was downgraded by multiple analysts.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a
law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary
litigation against publicly traded companies on behalf of shareholders. The firm has offices in New
York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC