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IMPORTANT SHAREHOLDER NOTICE: Scott + Scott, LLP Investigates Brixmor Property Group Inc. for Possible Securities FraudScott + Scott, Attorneys at Law, LLP, a global investor rights law firm, is investigating Brixmor Property Group Inc. ("Brixmore" or the "Company") (NYSE: BRX) for possible securities fraud after an audit committee uncovered that employees had been "smoothing" income in order make quarterly net operating income more steady. What You Can Do The firm recommends that investors get the "Investors Guide to Securities Litigation," which you can obtain free of charge at http://www.scott-scott.com/contact.htm To join the action, go to: Join Action. You can also call Joseph Halloran, Esq. at (646) 582-0121 or email [email protected] for information. About the Investigation On February 8, 2016, Brixmor announced the resignations of the Company's Chief Executive Officer, Michael Carroll, the President and Chief Financial Officer, Michael Pappagallo, and the Chief Accounting Officer, Steven Splain. These resignations follow an audit committee review of the Company's non-GAAP reporting measure. The board concluded after this audit that specific accounting and financial reporting personnel were "smoothing income items, both up and down," to show steady and dependable quarterly same property net operating income growth. On this news, shares of Brixmor fell over $5 per share, or nearly 20%. Scott + Scott, Attorneys at Law, LLP has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States.
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