Levi & Korsinsky notifies investors that it has commenced an investigation into Bridge Investment Group Holdings Inc. (NYSE: BRDG) concerning potential violations of the federal securities laws.
Bridge issued a press release, on February 21, 2024, reporting its financial results for the fourth quarter and full year 2023. Among other items, Bridge reported a net loss of $87.4 million for the year, citing “volatility within commercial real estate markets” and stating that “[f]und management fees for the quarter . . . were negatively impacted by $5.7 million related to Bridge Office Fund I fees that were deemed uncollectible due to market headwinds within the broader office sector.” Following this news, Bridge’s stock price fell over 15% on February 22, 2024.
If you suffered a loss on your Bridge Investment Group Holdings Inc. securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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