Seritage Growth Properties Class Action Lawsuit - SRG

The filed complaint alleges that Seritage Growth Properties made materially false and/or misleading statements and/or failed to disclose that: (1) the Company lacked effective internal controls regarding the identification and review of impairment indicators for investments in real estate; (2) as a result, the Company had overstated the value and projected gross proceeds of certain real estate assets; and (3) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

In order to be eligible to join the SRG class action lawsuit, you must have incurred a loss on shares of Seritage purchased during the class period listed above.

If you suffered a loss in Seritage during the relevant time frame or pursuant to the relevant offering(s), you have until August 30, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.