Law Offices of Howard G. Smith reminds investors of the upcoming May 31, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the “Class”) of investors who purchased Brixmor Property Group Inc. (“Brixmor” or the “Company”) (NYSE: BRX) securities between October 27, 2014 and February 5, 2016, inclusive (the “Class Period”). Brixmor investors have until May 31, 2016 to file a lead plaintiff motion.

On February 8, 2016, Brixmor disclosed 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. This news came after an audit committee uncovered that employees had been “smoothing” income in order make quarterly net operating income more steady. On this news shares of Brixmor fell over $5 per share, or nearly 20%, during intraday trading on February 8, 2016.

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.

If you purchased Brixmor shares, you may move the Court no later than May 31, 2016 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

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