Energy News / Shareholders Foundation, Inc.

Deadline Upcoming in $28 Million Settlement in the Brixmor Property Group Inc (NYSE:BRX) Investor Lawsuit

Via: ReleaseWire

Updated 11:45 AM CST, Wed, December 06,2017

A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Brixmor Property Group Inc (NYSE:BRX) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on December 12, 2017 and NYSE:BRX investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 12/06/2017 -- The Shareholders Foundation announces that a deadline is coming up on December 12, 2017 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Brixmor Property Group Inc (NYSE:BRX) between February 20, 2014 and February 5, 2016.

Investors who purchased a significant amount of shares of Brixmor Property Group Inc (NYSE:BRX) between February 20, 2014 and February 5, 2016, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call 858-779-1554.

The settlement proof of claim form or detailed settlement notice for the settlement in the Brixmor Property Group Inc (NYSE:BRX) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/brixmor-property-group-inc-nyse-brx-investor-securities-class-action-lawsuit-03312016

In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is December 12, 2017. The class action administrator for this case is Brixmor Securities Litigation.

The lawsuit was originally filed in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Brixmor Property Group Inc in connection with certain allegedly false and misleading statements made between October 27, 2014 and February 5, 2016.

According to the complaint the plaintiff alleges on behalf of purchasers of Brixmor Property Group Inc (NYSE:BRX) common shares between October 27, 2014 and February 5, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 27, 2014 and February 5, 2016 the defendants made false and/or misleading statements and/or failed to disclose that Brixmor Property Group Inc and its senior executives purposefully misrepresented Brixmor Property Group Inc's financial results by manipulating income items for nine quarters in order to achieve consistent quarterly same property NOI growth, that Brixmor Property Group Inc lacked adequate internal and financial controls, and that, as a result of the foregoing, defendants' statements about Brixmor Property Group Inc's business, operations, and prospects were false and misleading and/or lacked a reasonable basis.

Those who purchased shares of Brixmor Property Group Inc (NYSE:BRX) 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

For more information on this press release visit:
http://www.sbwire.com/press-releases/deadline-upcoming-in-28-million-settlement-in-the-brixmor-property-group-inc-nysebrx-investor-lawsuit-901012.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com