NEW YORK-Rosen Law Firm, a global investor rights law firm, alerts investors to a class action lawsuit filed by a shareholder on behalf of all investors who purchased the securities of Seritage Growth Properties (NYSE: SRG) between July 7, 2022 and May 10, 2024. Seritage describes itself as a “company primarily engaged in the ownership, development and leasing of retail and mixed-use properties throughout the United States.”
For more information, please submit the form , email Phillip Kim, Esq. , or call us at 866-767-3653.
Allegations: Rosen Law Firm is investigating allegations that Seritage Growth Properties (NYSE: SRG) misled investors about its business operations.
The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Seritage lacked effective internal controls to identify and review indicators of impairment in its real estate investments; (2) as a result, Seritage overstated the value of certain real estate assets and projected gross earnings; and (3) as a result of the foregoing, defendants’ positive statements about Seritage’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the market learned the true details, investors suffered losses, the complaint alleges.
What to do now? You may be eligible to join the class action lawsuit against Seritage Growth Properties. If a shareholder wishes to serve as lead plaintiff in the class action, he or she must move the Court no later than August 30, 2024. A lead plaintiff is a representative plaintiff who leads the litigation on behalf of other class members. You do not have to participate in the case to qualify for recovery. You may also remain an absent class member if you choose not to take any action. For more information, click here .
All representation is on a win-win basis. Shareholders pay no fees or expenses.
About Rosen Law: Unlike Rosen Law Firm, some law firms that publish announcements on these matters do not actually file securities class action lawsuits. As a recognized leader in shareholder rights litigation, the attorneys and staff of Rosen Law Firm have been dedicated to helping shareholders recover losses, improving corporate governance structures, and holding corporate executives accountable for illegal conduct. Since our founding, we have recovered more than $1 billion for shareholders.
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Disclaimer: The original version of this announcement is the official authorized version. The translation is for convenience only. Please refer to the original text, which is the only version with legal effect.
Contacts
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, PA
275 Madison Avenue, 40th Floor
New York, NY 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com
