Defendant Name:
Brixmor Property Group Inc.
Defendant Type:
Public Company
Document Reference:
2019-143
Document Details
Legal Case Name
In the Matter of Brixmor Property Group Inc.
Document Name
SEC Charges Brixmor Property Group Inc. and Former Senior Executives with Accounting Fraud
Document Date
01-Aug-2019
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
The Commission stated: "The Securities and Exchange Commission today charged Brixmor Property Group Inc., a publicly-traded real estate investment trust, and four former senior executives with fraud in connection with a scheme to manipulate a key non-GAAP metric relied on by analysts and investors to evaluate the company's financial performance. Brixmor has agreed to settle the Commission's charges and pay a $7 million penalty."
Disgorgement & Penalty Information
Resolutions
Compliance Related Independent Consultant
"comply with certain undertakings"
Monetary Penalties:
Civil Penalty
Individual:
$7,000,000.00
Shared:
