SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Seritage Growth Properties - SRG

31.05.24 00:06 Uhr

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NEW YORK, May 30, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Seritage Growth Properties ("Seritage" or the "Company") (NYSE: SRG). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

Fighting for victims of securities fraud for more than 85 years (PRNewsfoto/Pomerantz LLP)

The investigation concerns whether Seritage and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On May 10, 2024, Seritage reported its operating results for the first quarter of 2024. Among other items, Seritage reported a net loss of $0.36 per share, citing "lower evaluations" as a consequence, in part, of "interest rates and inflation". 

On this news, Seritage's stock price fell $2.54 per share, or 27.25%, to close at $6.78 per share on May 13, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980

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SOURCE Pomerantz LLP

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05.12.2016Seritage Growth Properties (A) When Issued OutperformRBC Capital Markets
06.09.2016Seritage Growth Properties (A) When Issued Top PickRBC Capital Markets
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