SRG LAWSUIT ALERT: Levi & Korsinsky Notifies Seritage Growth Properties Investors of a Class Action Lawsuit and Upcoming Deadline

NEW YORK, Sept. 3, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Seritage Growth Properties ("Seritage" or the "Company") (NYSE: SRG) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Seritage investors who were adversely affected by alleged securities fraud between July 7, 2022 and May 10, 2024. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/seritage-lawsuit-submission-form?prid=99045&wire=4

SRG investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company lacked effective internal controls regarding the identification and review of impairment indicators for investments in real estate; (2) as a result, the Company had overstated the value and projected gross proceeds of certain real estate assets; and (3) 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.

WHAT'S NEXT? If you suffered a loss in Seritage during the relevant time frame, you have until August 30, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE Levi & Korsinsky, LLP