ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Seritage Growth Properties Investors to Secure Counsel Before Important Deadline in Securities Class Action – SRG

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].