According to the law firm press release, Brixmor Property Group, Inc. ("Brixmor" or the Company) 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 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.

On November 29, 2016, the Court appointed Lead Plaintiffs and Counsel. Lead Plaintiffs filed an amended Complaint on February 16, 2017.

The parties entered into a Stipulation of Settlement on July 27, 2017. Preliminary approval was granted on July 31. On December 13, the Court granted final approval of the settlement and entered Final Judgment.