|Company name||Piedmont Office Realty Trust, Inc.|
NEW YORK, May 8, 2017 – 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 it 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, 2016, 2015 and 2014 of about $8.2 million, $41.7 million and $2.4 million, respectively. Following this news, Piedmont stock dropped $0.79 per share or roughly 3% to close at $21.18 on May 3, 2017.
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 A. Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.