Press release
Investigation announced for Investors in Seritage Growth Properties (NYSE: SRG) over potential Wrongdoing
An investigation on behalf of current long term investors in Seritage Growth Properties (NYSE: SRG) shares.
Investors who are current long term investors in Seritage Growth Properties (NYSE: SRG) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: SRG stocks follows a lawsuit filed against Seritage Growth Properties over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: SRG stocks, concerns whether certain Seritage Growth Properties directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the Defendants failed to disclose to investors that the Company lacked effective internal controls regarding the identification and review of impairment indicators for investments in real estate, that, as a result, the Company had overstated the value and projected gross proceeds of certain real estate assets, and that, 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.
Those who purchased shares of Seritage Growth Properties (NYSE: SRG) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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