An investigation for investors in NYSE:BRX shares over potential securities laws violations by Brixmor Property Group in connection certain financial statements was announced.
Shares of Brixmor Property Group Inc (NYSE:BRX) dropped from $26.42 per share on February 5, 2016 to as low as $19.91 per share on February 8, 2016.
Investors who purchased shares of Brixmor Property Group Inc (NYSE:BRX), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Brixmor Property Group Inc (NYSE:BRX) concerning whether a series of statements by Brixmor Property Group regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 8, 2016, Brixmor Property announced 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. Brixmor Property Group Inc said that these management changes follow the completion of an Audit Committee review that began after the Company received information in late December 2015 through its established compliance processes.
On February 19, 2016, NYSE:BRX shares closed at $23.33 per share.
Those who purchased NYSE:BRX shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com