Brixmor Property Group Inc.

Robbins Arroyo LLP Is Investigating the Officers and Directors of Brixmor Property Group, Inc. (BRX) on Behalf of Shareholders

Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Brixmor Property Group, Inc. (NYSE: BRX) violated federal securities laws by issuing materially misleading business information to the investing public. Brixmor owns and operates various grocery-anchored community and neighborhood shopping centers in the United States.

Brixmor Officials Resign After Negative Audit Committee Review

On February 8, 2016, Brixmor 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. These resignations followed a negative audit committee review of Brixmor’s non-GAAP reporting measure. The review discovered that employees were “smoothing” income to make quarterly net operating income more consistent. On this news, Brixmor stock fell $5.32 per share, or over 20%, to close at $21.10 per share on February 8, 2016.

Brixmor Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, or you can complete the form below and we will contact you directly.


Shareholder Information

Items marked with an asterisk (*) are required information.

First Name * Last Name *
Phone *
E-mail * Confirm: E-mail *
Number of Shares Owned:

Please Note: Neither the submission to nor the receipt of information by Robbins Arroyo LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

* I have read the disclaimer information

    Send This Post