ATLANTA, July 02, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against officers of Seritage Growth Properties (“Seritage” or the “Company”) (NYSE: SRG). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information, regarding the Company’s business, operations, and prospects, including allegations that: (1) Seritage lacked effective internal controls regarding the identification and review of impairment indicators for investments in real estate; and (2) as a result, Seritage had overstated the value and projected gross proceeds of certain real estate assets.

If you bought shares of Seritage between July 7, 2022 and May 10, 2024, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at www.holzerlaw.com/case/seritage-growth-properties/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is August 30, 2024.

Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021 and 2022, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.

CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com

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