SRG Investors Have Opportunity to Lead Seritage Growth Properties Securities Fraud Lawsuit

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].