Seritage Growth Properties

Passed

Class Action Period:
July 07, 2022 - May 10, 2024

Lead Plaintiff Deadline:
August 30, 2024

Case Form

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Allegations

The filed complaint alleges that Seritage Growth Properties made materially false and/or misleading statements and/or failed to disclose 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.

Eligibility

In order to be included in the lawsuit, you must have incurred a loss on shares of Seritage purchased during the class period listed above.

Lead Plaintiff Deadline

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.