NEW YORK, NY / ACCESSWIRE / July 14, 2024 / If you have suffered a loss on your Seritage growth characteristics (NYSE:SRG) investment and would like to learn more about a potential refund under the U.S. securities laws, please visit the following link for more information:
or contact Joseph E. Levi, Esq. by email at (email protected) or call (212) 363-7500 to speak with our team of experienced shareholder representatives.
THE COMPLAINT: A class action lawsuit has been filed against Seritage Growth Properties to recover losses from shareholders harmed by alleged securities fraud between July 7, 2022 and May 10, 2024.
CASE DETAILS: The complaint alleges that defendants made misrepresentations and/or failed to disclose that: (1) the Company did not have effective internal controls over the identification and review of impairment indicators for real estate investments; (2) as a result, the Company 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 are materially misleading and/or lack a reasonable basis.
WHAT’S NEXT? If you suffered a loss on Seritage stock during the relevant period, even if you still own your shares, visit https://zlk.com/pslra-1/seritage-lawsuit-submission-form?prid=90701&wire=1 to learn more about your rights to a refund. Participation is free of charge and involves no obligations.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally recognized securities litigation firm that has recovered hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive experience representing investors in complex securities litigation and a team of over 70 people serving our clients. For seven consecutive years, Levi & Korsinsky has been ranked as one of the top securities litigation firms in the United States in the ISS Securities Class Action Services Top 50 Report. Attorney Advertising. Past results do not guarantee similar results.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
(email protected)
Phone: (212) 363-7500
Fax: (212) 363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP
