Specialist trader Peter Giacchi (R) shouts out a price for Brixmor Property Group Inc. during the company’s IPO on the floor of the New York Stock Exchange, in New York October 30, 2013. REUTERS/Brendan McDermid
From Reuters:
Federal prosecutors have opened an investigation related to shopping center owner and operator Brixmor Property Group Inc’s (BRX.N) disclosure earlier this year that accounting personnel had manipulated its financial results.
Brixmor, one of the largest U.S. shopping center landlords, revealed the investigation by the office of Manhattan U.S. Attorney Preet Bharara’s office in a filing with the U.S. Securities and Exchange Commission on Monday.
The SEC is also investigating, the company previously has said, and Brixmor said it is cooperating with both investigations.