Accessibility StatementSkip Navigation SAN DIEGO, Sept. 25, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of Lineage, Inc. (NASDAQ: LINE) common stock in or traceable to the registration statement used in connection with Lineage's July 2024 initial public offering (the "IPO"), have until Tuesday, September 30, 2025 to seek appointment as lead plaintiff of the Lineage class action lawsuit. Captioned City of St. Clair Shores Police and Fire Retirement System v ...

Core Viewpoint - A class action lawsuit has been filed against Lineage, Inc. for alleged material misrepresentations in its IPO registration statement, which misled investors about the company's business and financial health [8]. Allegation Details - The lawsuit claims that the Registration Statement contained false information regarding Lineage's business performance and industry trends at the time of the IPO, particularly regarding the impact of the COVID-19 pandemic on cold storage demand [8]. - It is alleged that instead of experiencing growth, Lineage was facing a downturn as customers reduced inventory levels and the company struggled with occupancy rates and pricing power due to unsustainable price increases [8]. Stock Performance - Since the IPO, Lineage's stock price has dropped to approximately $40 per share, which is about half of the IPO price [8].

Core Viewpoint - A lawsuit has been filed against Lineage, Inc. and its senior executives for potential violations of federal securities laws, particularly related to its IPO performance and subsequent financial disclosures [1][2]. Company Overview - Lineage, Inc. is a cold storage-focused real estate investment trust (REIT) that operates temperature-controlled storage facilities for food and other perishable products [3]. IPO and Allegations - The IPO documents claimed that Lineage had "consistent cold chain demand" and strong cash flows, suggesting resilience during economic downturns [4]. - Contrary to these claims, it is alleged that Lineage was experiencing a downturn as customers reduced excess inventory accumulated during the COVID-19 pandemic and shifted to leaner inventory practices [4]. Financial Performance - Following its IPO at $78 per share, Lineage's stock price has significantly declined to around $40 per share, approximately 50% of its initial value [5]. - In its fiscal Q4 2024 results, Lineage indicated that customers were "unwinding" previously overbuilt inventory levels, returning to a more normal seasonal pattern [5].

Core Viewpoint - Rosen Law Firm is reminding purchasers of Lineage, Inc. common stock about the September 30, 2025 lead plaintiff deadline for a class action lawsuit related to the company's July 2024 IPO [1]. Group 1: Class Action Details - Investors who purchased Lineage common stock may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by September 30, 2025 [3]. - The lawsuit claims that the registration statement issued during the IPO was false and/or misleading, failing to disclose significant issues affecting Lineage's business [5]. Group 2: Allegations Against Lineage - The lawsuit alleges that Lineage was experiencing a decline in customer demand due to increased cold-storage supply and customers destocking excess inventory from the COVID-19 pandemic [5]. - It is claimed that Lineage implemented unsustainable price increases prior to the IPO, which could not be maintained in the face of weakening demand [5]. - The company reportedly could not counteract adverse trends through operational efficiencies or competitive advantages, leading to stagnant or falling revenue, occupancy rates, and rent prices [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4].

Core Viewpoint - A lawsuit has been filed against Lineage, Inc. and its senior executives for potential violations of federal securities laws related to its IPO and subsequent financial performance [1][2]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Eastern District of Michigan, specifically titled City of St. Clair Shores Police and Fire Retirement System v. Lineage, Inc., et al., No. 2:25-cv-12383 [2]. - Investors who purchased stock during Lineage's IPO on July 25, 2024, are represented in the lawsuit, which asserts claims under Sections 11 and 15 of the Securities Act of 1933 [2]. Group 2: Company Overview - Lineage, Inc. operates as a cold storage-focused real estate investment trust (REIT), owning and managing temperature-controlled storage facilities for perishable products [3]. - The company claimed in its IPO documents that it had "consistent cold chain demand," which was expected to provide strong cash flows even during economic downturns [4]. Group 3: Financial Performance and Market Reaction - Following the IPO, Lineage's stock price has significantly declined from an initial price of $78 per share to approximately $40 per share, indicating a drop of nearly 50% [5]. - The company's Q4 2024 financial results revealed that customers were reducing excess inventory, returning to a more typical seasonal pattern, which was anticipated to continue [5].

Group 1 - A class action lawsuit has been filed on behalf of purchasers of Lineage, Inc. (NASDAQ: LINE) common stock related to its July 2024 initial public offering (IPO) [1] - Lineage, Inc. operates as a cold storage focused real estate investment trust (REIT) [1]

Core Viewpoint - A lawsuit has been filed against Lineage, Inc. and its senior executives for potential violations of federal securities laws related to its IPO and subsequent financial performance [1][2]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Eastern District of Michigan, specifically titled City of St. Clair Shores Police and Fire Retirement System v. Lineage, Inc., et al., No. 2:25-cv-12383 [2]. - Investors who purchased stock during Lineage's IPO on July 25, 2024, are encouraged to seek additional information and may have legal options [2][6]. Group 2: Company Overview - Lineage, Inc. operates as a cold storage-focused real estate investment trust (REIT), owning and managing temperature-controlled storage facilities for perishable products [3]. - The company claimed in its IPO documents that it had "consistent cold chain demand," which was expected to provide strong cash flows even during economic downturns [4]. Group 3: Financial Performance and Market Reaction - Following the IPO, Lineage's stock price has significantly declined from an initial price of $78 per share to around $40 per share, approximately half of its IPO value [5]. - In its fiscal Q4 2024 results announced on February 26, 2025, Lineage indicated that customers were reducing excess inventory, returning to a more normal seasonal pattern [5].

Core Viewpoint - A class action securities lawsuit has been filed against Lineage, Inc. due to alleged securities fraud affecting investors who purchased shares during the company's initial public offering on July 26, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors adversely affected by alleged false statements made by Lineage, Inc. regarding its financial health and business operations [2][3]. - Allegations include that Lineage was experiencing a decline in customer demand, leading to destocking of excessive inventory and a shift to leaner cold-storage inventories [3]. - The complaint states that Lineage had implemented unsustainable price increases prior to the IPO, which could not be maintained due to weakening demand [3]. - It is claimed that Lineage's financial results were materially impaired, contrary to representations made in the registration statement, which suggested stable revenue growth and high occupancy rates [3]. Group 2: Next Steps for Investors - Investors who suffered losses during the relevant time frame have until September 30, 2025, to request appointment as lead plaintiff in the lawsuit [4]. - Participation in the lawsuit does not require any out-of-pocket costs or fees for class members [4]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [5]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [5].

Core Points - Rosen Law Firm is reminding purchasers of common stock of Lineage, Inc. regarding the September 30, 2025 lead plaintiff deadline related to the IPO [1] Company Summary - Lineage, Inc. conducted its initial public offering (IPO) in July 2024, and the registration statement associated with this IPO is relevant for current stock purchasers [1]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Lineage, Inc. common stock during its July 2024 IPO about the September 30, 2025 deadline to become a lead plaintiff in a class action lawsuit [1] Group 1: Class Action Details - Investors who purchased Lineage common stock may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties must move the Court by September 30, 2025, to serve as lead plaintiff [3] - The lawsuit claims that the registration statement was misleading, failing to disclose significant issues affecting Lineage's business operations and financial results [5] Group 2: Allegations Against Lineage - The lawsuit alleges that Lineage experienced a decline in customer demand due to increased cold-storage supply and destocking of excessive inventory built during the COVID-19 pandemic [5] - It is claimed that Lineage implemented unsustainable price increases prior to the IPO, which could not be maintained in the face of weakening demand [5] - The company reportedly could not counteract adverse trends through operational efficiencies or competitive advantages, leading to stagnant or falling revenue, occupancy rates, and rent prices [5] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [4] - The firm has achieved significant settlements for investors, including over $438 million in 2019 alone, and has been ranked highly for its performance in securities class action settlements [4]