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Stock impact report

SERITAGE ALERT: Bragar Eagel & Squire, P.C. is Investigating Seritage Growth Properties on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Seritage Growth Properties Class A (SRG) 
NASDAQ:AMEX Investor Relations: ir.seritage.com
Company Research Source: GlobeNewswire
NEW YORK, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Seritage Growth Properties (NYSE: SRG) on behalf of long-term stockholders following a class action complaint that was filed against Seritage on July 1, 2024 with a Class Period from July 7, 2022 to May 10, 2024. Our investigation concerns whether the board of directors of Seritage have breached their fiduciary duties to the company. 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 to identify potential indicators of impairment related to development projects in a timely manner.” On thi Show less Read more
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