Recent Sears Litigation Developments Could Impact Seritage (OTCMKTS:SHLDQ)

Spencer Platt/Getty Images News Seritage Growth Properties (NYSE:SRG) is a defendant in a lawsuit brought by Sears Holdings (OTCPK:SHLDQ) and two recent events could impact SRG’s stock price. First, Judge Drain appointed three mediators on April 6 to help negotiate a settlement to the lawsuit. Second, Sears filed a funding motion on April 21 in an attempt to get new outside funding to finance the lawsuit, if there is no settlement. It seems that many SRG investors are ignoring the potential negative impact these recent developments could have and this article is an attempt to give additional information that investors should consider when pricing SRG.