NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Piedmont Office Realty Trust, Inc. (NYSE:PDM). Our investigation concerns whether Piedmont and certain of its officers and/or directors have violated federal securities laws and/or engaged in other unlawful business practices.
On May 3, 2017, Piedmont revealed that the Company had not properly accounted for goodwill regarding real estate assets sold or held for sale in prior periods. Due to these errors, Piedmont estimates a reduction in earnings for the years ended December 31, 2014, 2015, and 2016 of about $2.4 million, $41.7 million, and $8.2 million, respectively. Following this news, Piedmont shares fell $0.79 per share, or 3.6%, to close at $21.18 on May 3, 2017.
If you purchased or otherwise acquired Piedmont securities and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Piedmont, please go to www.bespc.com/piedmont. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.