NEW YORK, NY / ACCESSWIRE / May 5, 2016 / Bronstein, Gewirtz & Grossman, LLC, notifies investors of class action against Brixmor Property Group, Inc. ("Brixmor" or the "Company") (NYSE: BRX). The class action has been filed on behalf of a class consisting of all persons or entities who purchased Santander securities during the period between October 27, 2014 and February 5, 2016 inclusive (the "Class Period").
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the "Exchange Act").
Brixmor owns and operates one of the nation's largest wholly owned portfolio of grocery-anchored community and neighborhood shopping centers, with more than 520 properties strategically located across 38 states.
The Complaint alleges that throughout the Class Period, Defendants issued false and misleading statements to investors and/or failed to disclose that: (1) Brixmor and its senior executives purposefully distorted Brixmor's financial results by biasing income items for nine quarters to attain consistent quarterly growths; (2) Brixmor lacked sufficient internal and financial controls; and (3) as a result, Brixmor's public statements were materially false and misleading at all relevant times. Once true details entered the market, investors suffered damages.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint and join the action, visit the firm's website: http://www.bgandg.com/#!brx/hu6wo. To discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in Brixmor you have until May 31, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC