Shareholders of Seritage Growth Properties Should Contact The Gross Law Firm Before August 30, 2024 to Discuss Your Rights - SRG

Core Viewpoint - The Gross Law Firm is notifying shareholders of Seritage Growth Properties (NYSE: SRG) about a class action lawsuit due to alleged misleading statements and lack of effective internal controls regarding real estate investments [4]. Group 1: Class Action Details - Shareholders who purchased shares of SRG during the class period from July 7, 2022, to May 10, 2024, are encouraged to register for the class action [3]. - The deadline for shareholders to seek lead plaintiff status is August 30, 2024 [2][3]. - Participation in the case does not require appointment as lead plaintiff and incurs no cost or obligation [3]. Group 2: Allegations Against the Company - The complaint alleges that the company issued materially false and/or misleading statements and failed to disclose critical information [5]. - Specific allegations include the lack of effective internal controls for identifying impairment indicators for real estate investments [5]. - As a result of these issues, the company is accused of overstating the value and projected gross proceeds of certain real estate assets, leading to misleading positive statements about its business and operations [5].