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0 0.00216919739696308 0.00325379609544462 -0.00108459869848154 -0.00108459869848154 0.00108459869848154 0.00325379609544462 0.0281995661605206
Stock impact report

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Seritage Growth Properties (SRG)

Seritage Growth Properties Class A (SRG) 
NASDAQ:AMEX Investor Relations: ir.seritage.com
Company Research Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming August 30, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Seritage Growth Properties (“Seritage” or the “Company”) (NYSE: SRG) securities between July 7, 2022 and May 10, 2024, inclusive (the “Class Period”).If you are a shareholder who suffered a loss, click here to participate.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 this news, Seritage’s stock price fell $0.86, or 9.67%, to close at $8.03 p Show less Read more
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