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Stock impact report

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

Seritage Growth Properties Class A (SRG) 
NASDAQ:AMEX Investor Relations: ir.seritage.com
Company Research Source: GlobeNewswire
NEW YORK, May 21, 2024 (GLOBE NEWSWIRE) -- 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. 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 pre Show less Read more
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