An investigation on for investors in NYSE:BRX shares was announced concerning possible breaches of fiduciary duties by certain directors at Brixmor Property Group.
Investors who purchased shares of Brixmor Property Group Inc (NYSE:BRX) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Brixmor Property Group directors breached their fiduciary duties and caused damage to the company and its shareholders.
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.
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.
On March 22, 2016, NYSE:BRX shares closed at $24.39 per share.
Those who purchased NYSE:BRX shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego