Contact Levi & Korsinsky by August 30, 2024 Deadline to Join Class Action Against Seritage Growth Properties (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, 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].