WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Seritage Growth Properties (NYSE: SRG) between July 7, 2022 and May 10, 2024 both dates inclusive (the "Class Period"), of the important August 30, 2024 lead plaintiff deadline. DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Seritage lacked effective i ...

LOS ANGELES, July 17, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming August 30, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Seritage Growth Properties ("Seritage" or the "Company") (NYSE: SRG) securities between July 7, 2022 and May 10, 2024, inclusive (the "Class Period"). On August 14, 2023, after the market closed, Seritage revealed that there was a "material weakness" in ...

NEW YORK, July 17, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Seritage Growth Properties (NYSE: SRG). Shareholders who purchased shares of SRG during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect th ...

Core Viewpoint - A class action securities lawsuit has been filed against Seritage Growth Properties, alleging false statements and concealment of information regarding the company's internal controls and asset valuations [1][2]. Group 1: Lawsuit Details - The complaint claims that Seritage lacked effective internal controls for identifying and reviewing impairment indicators for real estate investments [2]. - It is alleged that the company overstated the value and projected gross proceeds of certain real estate assets, leading to materially misleading statements about its business and prospects [2]. Group 2: Class Definition and Participation - The lawsuit seeks to recover losses for investors adversely affected by the alleged securities fraud between July 7, 2022, and May 10, 2024 [3]. - Investors who suffered losses during this period have until August 30, 2024, to request appointment as lead plaintiff, although participation in recovery does not require serving as a lead plaintiff [4]. Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [5]. - The firm is recognized as one of the top securities litigation firms in the United States, with extensive expertise in complex securities cases [5].

Core Viewpoint - The Gross Law Firm has announced a class action lawsuit against Seritage Growth Properties (NYSE: SRG) due to allegations of misleading statements and lack of effective internal controls regarding real estate investments [4][5]. Group 1: Class Action Details - The class period for the lawsuit is from July 7, 2022, to May 10, 2024 [3]. - Shareholders who purchased shares during this period are encouraged to register for the class action and will be enrolled in a portfolio monitoring software for updates [3]. - The deadline for shareholders to seek lead plaintiff status is August 30, 2024 [3]. Group 2: Allegations Against the Company - The complaint alleges that the company lacked effective internal controls for identifying and reviewing impairment indicators for real estate investments [5]. - As a result of these deficiencies, the company is accused of overstating the value and projected gross proceeds of certain real estate assets [5]. - The positive statements made by the defendants regarding the company's business and prospects are claimed to be materially misleading and lacking a reasonable basis [5].

NEW ORLEANS, July 12, 2024 /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until August 30, 2024 to file lead plaintiff applications in a securities class action lawsuit against Seritage Growth Properties ("Seritage" or the "Company") (NYSE: SRG), if they purchased the Company's securities between July 7, 2022 and May 10, 2024, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York ...

Core Viewpoint - Seritage Growth Properties has faced significant challenges related to internal control weaknesses and asset valuation adjustments, leading to substantial stock price declines in 2023 and 2024 [2][3][4]. Financial Reporting Issues - On August 14, 2023, Seritage disclosed a "material weakness" in its internal control over financial reporting, specifically regarding the identification of impairment indicators for real estate investments [2]. - The deficiency was attributed to the failure to timely identify potential impairment indicators related to development projects [2]. Stock Price Impact - Following the announcement of the internal control weakness, Seritage's stock price dropped by $0.86 per share, or 9.67%, closing at $8.03 on August 15, 2023 [2]. - On May 10, 2024, Seritage announced a reduction in the gross value of its asset portfolio by at least $325 million, leading to a further decline in stock price by $2.54 per share, or 27.3%, closing at $6.78 on May 13, 2024 [3][4]. Class Action Lawsuit - A class action lawsuit has been filed against Seritage, focusing on allegations of securities fraud and unlawful business practices by the company and certain officers/directors [7][8]. - Investors are encouraged to contact Pomerantz LLP for participation in the class action, with a deadline set for August 30, 2024, for shareholders who acquired Seritage securities during the class period [6][7].

NEW YORK, July 12, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Seritage Growth Properties (NYSE: SRG). CONTACT US HERE: CLASS PERIOD: July 7, 2022 to May 10, 2024 DEADLINE: August 30, 2024 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/seritage-loss-submission-form/?id=90362&from=4 WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, an ...

Core Viewpoint - Investors in Seritage Growth Properties have the opportunity to lead a securities fraud class action lawsuit due to substantial losses incurred during the specified class period [1][2]. Group 1: Class Action Details - The class period for the lawsuit is from July 7, 2022, to May 10, 2024 [1]. - The deadline for potential lead plaintiffs to file is August 30, 2024 [1]. - Shareholders who suffered losses are encouraged to participate in the class action [1]. Group 2: Allegations Against the Company - The complaint alleges that the company failed to disclose effective internal controls regarding impairment indicators for real estate investments [2]. - It is claimed that the company overstated the value and projected gross proceeds of certain real estate assets [2]. - The positive statements made by the defendants about the company's business and prospects were materially misleading and lacked a reasonable basis [2].

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Seritage Growth Properties securities, covering the period from July 7, 2022, to May 10, 2024, with a lead plaintiff deadline of August 30, 2024 [1]. Details of the Case - The lawsuit alleges that Seritage made false and misleading statements and failed to disclose critical information, including: 1. Lack of effective internal controls regarding impairment indicators for real estate investments [2]. 2. Overstatement of the value and projected gross proceeds of certain real estate assets [2]. 3. Misleading positive statements about Seritage's business, operations, and prospects due to the above issues [2]. Next Steps - Individuals who purchased Seritage securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [5]. - To join the class action, interested parties can visit the provided link or contact the law firm for more information [6][7].