NEW YORK, Feb. 8, 2016 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Brixmor Property Group Inc. ("Brixmor" or "Company") (NYSE: BRX).
The investigation focuses on whether the Company and its executives violated federal securities laws by publishing misleading financial statements. Specifically, on February 8, 2016, Brixmor announced that its CEO, President and Chief Financial Officer, and Chief Accounting Officer, had resigned after an internal accounting review showed discrepancies in the Company's financial statements. The Company stated that its quarterly statements had been altered to show consistent growth in same-property net operating income.
After the announcement, Brixmor's share price fell over 20% in morning trading on February 8, 2016.
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If you invested in Brixmor securities and would like to discuss your legal rights, visit www.faruqilaw.com/BRX. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Brixmor's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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