Rosen Law Firm Urges Seritage Investors to Get Legal Help Before Deadline

New York, NY – The Rosen Law Firm, a prominent global investor rights law firm, has issued a reminder to investors who purchased securities of Seritage Growth Properties (NYSE: SRG) between July 7, 2022, and May 10, 2024, about the upcoming lead plaintiff deadline of August 30, 2024. Investors interested in serving as lead plaintiffs must file their motions with the court by this date. The firm encourages potential participants to reach out via their toll-free number or email for further information regarding the class action. The lawsuit alleges that during the specified Class Period, Seritage made several misleading statements and failed to disclose critical information regarding its internal controls and the valuation of its real estate assets. Specifically, the complaint claims that Seritage lacked effective measures to identify impairment indicators, leading to an overstatement of asset values and projected gross proceeds. Consequently, the firm asserts that the positive statements made by Seritage about its business operations were materially misleading. Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company. The firm has consistently ranked among the top in securities class action settlements, recovering hundreds of millions for investors since 2013. Investors wishing to join the class action can do so by visiting the firm’s website or contacting attorney Phillip Kim for assistance. It is important to note that no class has been certified yet, and participants may choose their own legal counsel.