SRG - SERITAGE ALERT: Bragar Eagel & Squire P.C. Announces that a Class Action Lawsuit Has Been Filed Against Seritage Growth Properties and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, July 02, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Seritage Growth Properties ("Seritage" or the "Company") (NYSE:SRG) in the United States District Court of the Southern District of New York on behalf of all persons and entities who purchased or otherwise acquired Seritage securities between July 7, 2022 and May 10, 2024, both dates inclusive (the "Class Period"). Investors have until August 30, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
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On August 14, 2023, after the market closed, Seritage revealed that there was a "material weakness" in the Company's internal control over financial reporting "due to a deficiency in the design of our control over the identification of impairment indicators for investments in real estate and documentation of evidence of review." Moreover, the deficiency related "to the failure ...