Deadline Alert: Investors Who Lost More Than $100,000 With Seritage Growth Properties (NYSE: SRG) Shares Should Contact the Shareholders Foundation

A deadline is coming up on August 30th in the lawsuit that was filed for certain investors who purchased shares of Seritage Growth Properties (NYSE:SRG). Investors, who purchased shares in excess of $100,000 of Seritage Growth Properties (NYSE: SRG) should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

The Shareholders Foundation, Inc. announced that August 30, 2024, a deadline is coming up in the lawsuit that was filed for certain investors who purchased shares of Seritage Growth Properties (NYSE:SRG).

Investors, who purchased shares in excess of $100,000 of Seritage Growth Properties (NYSE: SRG) between July 7, 2022 and May 10, 2024, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

On August 14, 2023, after the market closed, Seritage Growth Properties revealed that there was a “material weakness” in the Company’s internal control over financial reporting “due to a deficiency in the design of our control over the identification of impairment indicators for investments in real estate and documentation of evidence of review.” Moreover, the deficiency related “to the failure to identify potential indicators of impairment related to development projects in a timely manner.”

On July 01, 2024, an investor in NYSE: SRG shares filed a lawsuit against Seritage Growth Properties over alleged violations of securities laws. The plaintiff alleges that the defendants failed to disclose to investors that the Company lacked effective internal controls regarding the identification and review of impairment indicators for investments in real estate, that, as a result, the Company had overstated the value and projected gross proceeds of certain real estate assets, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis..

Those who purchased Seritage Growth Properties (NYSE: SRG) shares should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

Contact Information

Michael Daniels
Manager
mail@shareholdersfoundation.com
858-779-1554

SOURCE: Shareholders Foundation, Inc.

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