Seritage Growth Properties Sued for Securities Law Violations - Contact Levi & Korsinsky Before August 30, 2024 to Discuss Your Rights – SRG

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 [2]. - The lawsuit asserts that the positive statements made by the defendants about the company's business and prospects were materially misleading [2]. Group 2: Class Definition and Participation - The lawsuit seeks to recover losses for Seritage investors 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 to be appointed as lead plaintiff, although participation in recovery does not require this role [4]. Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [5]. - The firm is recognized as one of the top securities litigation firms in the United States, ranking in ISS Securities Class Action Services' Top 50 Report for seven consecutive years [5].