ATLANTA, GA – – (Globe Newswire – July 2, 2024) – – A shareholder class action lawsuit has been filed against officers of Seritage Growth Properties (“Seritage” or the “Company”) (NYSE: SRG). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information, regarding the Company’s business, operations, and prospects, including allegations that: (1) Seritage lacked effective internal controls regarding the identification and review of impairment indicators for investments in real estate; and (2) as a result, Seritage had overstated the value and projected gross proceeds of certain real estate assets.

If you bought shares of Seritage between July 7, 2022 and May 10, 2024, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at www.holzerlaw.com/case/seritage-growth-properties/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is August 30, 2024.