February 16, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Brixmor Property Group Inc (NYSE:BRX) shares over potential securities laws violations by Brixmor Property Group and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Brixmor Property Group Inc (NYSE:BRX) concerning whether a series of statements by Brixmor Property Group regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Brixmor Property Group Inc reported that its annual Total Revenue rose from over $1.08 billion in 2012 to over $1.23 billion in 2014 and that its Net Loss of $114.49 million in 2012 turned into a Net income of $88.29 million in 2014.

Shares of Brixmor Property Group Inc (NYSE:BRX) grew from $19.75 per share in November 2013 to as high as $27.10 per share in early 2015.

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.