trending Market Intelligence /marketintelligence/en/news-insights/trending/ZjqnqXb_S0Wu6yXt6pNtFQ2 content esgSubNav
In This List

Brixmor to pay $28M in class action settlement

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Brixmor to pay $28M in class action settlement

The U.S. District Court for the Southern District of New York granted final approval of the settlement of a class-action lawsuit filed against Brixmor Property Group Inc. by the Westchester Putnam Counties Heavy & Highway Laborers Local 60 Benefit Funds.

The suit was in connection with a review conducted by the company's audit committee. The company will pay $28 million to settle the claims, without any admission of liability.

The settlement provides for the release of Brixmor, its units and their respective current and former officers, directors and employees, among others, from any claims in connection with the litigation.

The institutional investors who elected to opt out of the settlement will not be bound by the release or receive any settlement proceeds.