SOURCE: Saxena White P.A.

Saxena White P.A.

April 01, 2016 12:26 ET

Saxena White P.A. Files Securities Fraud Class Action Against Brixmor Property Group, Inc.

BOCA RATON, FL--(Marketwired - April 01, 2016) - Saxena White P.A. has filed a securities fraud class action lawsuit in the United States District Court for the Southern District of New York against Brixmor Property Group, Inc. ("Brixmor" or the "Company") (NYSE: BRX) on behalf of investors who purchased or otherwise acquired the common stock of the Company during the period between October 27, 2014 and February 5, 2016, inclusive (the "Class Period).

Brixmor is a publicly-traded real estate investment trust ("REIT") that operates a wholly-owned portfolio of grocery-anchored shopping centers, with 518 properties from California to Maine. The Company is incorporated in Maryland and maintains its principal executive offices in New York, NY.

The Complaint brings forth claims for violations of the Securities Exchange Act of 1934. The Complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company and its senior executives purposefully misrepresented Brixmor's financial results by manipulating income items for nine quarters in order to achieve consistent quarterly same property NOI growth; (2) the Company lacked adequate internal and financial controls; and (3) that, as a result of the foregoing, Defendants' statements about Brixmor's business, operations, and prospects were false and misleading and/or lacked a reasonable basis.

You may obtain a copy of the Complaint at www.saxenawhite.com

If you purchased Brixmor stock between October 27, 2014 and February 5, 2016, inclusive, you may contact Lester Hooker (lhooker@saxenawhite.com) at Saxena White P.A. to discuss your rights and interests.

If you purchased Brixmor common stock during the Class Period of October 27, 2014 and February 5, 2016, and wish to apply to be the lead plaintiff in this action, a motion on your behalf must be filed with the Court by no later than May 31, 2016. You may contact Saxena White P.A. to discuss your rights regarding the appointment of lead plaintiff and your interest in the class action. Please note that you may also retain counsel of your choice and need not take any action at this time to be a class member.

Saxena White P.A., located in Boca Raton, Florida, concentrates its practice on prosecuting securities fraud and complex class actions on behalf of institutions and individuals. Currently serving as lead counsel in numerous securities fraud class actions nationwide, the firm has recovered hundreds of millions of dollars on behalf of injured investors and is active in major litigation pending in federal and state courts throughout the United States.

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