SAN DIEGO, Sept. 26, 2025 (GLOBE NEWSWIRE) -- 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 (“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. Lineage, Inc., No. 25-cv-12383, and p ...

Core Viewpoint - Investors in Lineage, Inc. have the opportunity to lead a securities fraud class action lawsuit due to undisclosed adverse conditions affecting the company's performance prior to its IPO [1][2]. Summary by Relevant Sections Lawsuit Details - The lawsuit alleges that Lineage failed to disclose significant weakening in customer demand, which was influenced by increased cold-storage supply and a shift in customer inventory management post-COVID-19 [2]. - It is claimed that Lineage implemented unsustainable price increases before the IPO, which could not be maintained due to the declining demand environment [2]. - The company reportedly could not counteract negative trends through operational efficiencies or competitive advantages, leading to stagnant or falling revenue, occupancy rates, and rent prices, contrary to the positive representations made in the registration statement [2]. Investor Participation - Investors who suffered losses related to Lineage are encouraged to participate in the ongoing lawsuit, with a lead plaintiff deadline set for September 30, 2025 [2][3]. - Interested parties can contact The Law Offices of Frank R. Cruz for more information on how to participate [3][4].

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 [6]. 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 [6]. - 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 [6]. Stock Performance - Since the IPO, Lineage's stock price has dropped to approximately $40 per share, which is about half of the IPO price [6]. Next Steps - Investors who purchased Lineage shares and suffered losses are encouraged to contact the law firm for more information and to discuss their legal rights [4]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is September 30, 2025 [6]. About the Law Firm - Bragar Eagel & Squire, P.C. is a law firm that specializes in representing individual and institutional investors in complex litigation, including securities and derivative cases [5].

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate. WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our ...

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 - Investors have until September 30, 2025, to request to lead the case, which is pending in the U.S. District Court for the Eastern District of Michigan [2]. - The complaint asserts claims under Sections 11 and 15 of the Securities Act of 1933 for investors who purchased stock during Lineage's IPO on July 25, 2024 [2]. Group 2: Company Overview - Lineage, Inc. is a cold storage-focused real estate investment trust (REIT) that operates temperature-controlled storage facilities for perishable products [3]. Group 3: Allegations Against Lineage - The IPO documents claimed strong cash flows due to consistent cold chain demand, but it is alleged that the company was experiencing a downturn as customers destocked excess inventory from the pandemic [4]. - The company’s stock price has fallen significantly from its IPO price of $78 per share to around $40 per share, indicating a loss of approximately 50% [5]. Group 4: Financial Performance - On February 26, 2025, Lineage reported that customers were returning to a more normal inventory pattern, which was expected to continue moving forward [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 was false and/or misleading, failing to disclose significant issues affecting Lineage's business operations and financial results [5] Group 2: Reasons for Legal Action - The lawsuit alleges that Lineage experienced a decline in customer demand due to increased cold-storage supply and destocking of excessive inventory by customers [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 and occupancy rates [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 recognized for its performance in securities class action settlements [4]

Core Viewpoint - A class action securities lawsuit has been filed against Lineage, Inc. alleging securities fraud related to its initial public offering (IPO) on July 26, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who purchased Lineage common stock in connection with the IPO [2]. - The complaint alleges that Lineage made false statements regarding its financial health, including claims of stable revenue growth and high occupancy rates, which were not reflective of the actual stagnant or declining performance [3]. Group 2: Allegations Against Lineage - The lawsuit claims that Lineage was experiencing a decline in customer demand due to increased cold-storage supply and a shift in customer inventory management post-COVID-19 [3]. - It is alleged that Lineage implemented unsustainable price increases prior to the IPO, which could not be maintained in the face of weakening demand [3]. - The company purportedly failed to counteract adverse trends through operational efficiencies or competitive advantages, leading to materially impaired financial results and business operations [3]. Group 3: Next Steps for Investors - Investors who suffered losses during the relevant timeframe 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 for class members [4]. Group 4: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [5].

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].