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ROSEN, A LEADING LAW FIRM, Encourages Lineage, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – LINE
GlobeNewswire News Room· 2025-08-16 16:45
Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of Lineage, Inc. common stock related to its July 2024 IPO, alleging that the registration statement was misleading and failed to disclose critical information about the company's financial health and market conditions [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Lineage was experiencing a decline in customer demand due to increased cold-storage supply and a shift in customer inventory strategies post-COVID-19, which was not disclosed in the registration statement [5]. - It is alleged that Lineage had implemented unsustainable price increases prior to the IPO, which could not be maintained in the face of weakening demand [5]. - The lawsuit asserts that Lineage was unable to counteract adverse market trends through operational efficiencies or competitive advantages, leading to stagnant or declining revenue, occupancy rates, and rent prices [5]. Group 2: Investor Information - Investors who purchased Lineage common stock may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To participate in the class action, investors can visit the provided link or contact the law firm for more information [3][6]. - A lead plaintiff is needed to represent the class, and interested parties must move the court by September 30, 2025 [1][3].
The Gross Law Firm Notifies Lineage, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline – LINE
GlobeNewswire News Room· 2025-08-15 20:06
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Lineage, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose critical information during the company's IPO period [1][4]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit includes all purchasers of Lineage common stock in connection with the company's IPO on July 26, 2024 [3]. - Allegations include that Lineage experienced a decline in customer demand due to increased cold-storage supply and destocking of excess inventory from the COVID-19 pandemic [4]. - It is claimed that Lineage raised prices prior to the IPO, which could not be sustained amid weakening demand [4]. - The company reportedly failed to counteract adverse trends through operational efficiencies or competitive advantages, leading to stagnant or declining revenue, occupancy rates, and rent prices [4]. - Overall, Lineage's financial results and business prospects were allegedly materially impaired as a result of these issues [4]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by September 30, 2025, to participate in potential recovery [5]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [5]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices [6].
Lineage, Inc. (LINE) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Prnewswire· 2025-08-15 19:53
LOS ANGELES, Aug. 15, 2025 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to Lineage, Inc. ("Lineage" or the "Company") (NASDAQ: LINE) have opportunity to lead the securities fraud class action lawsuit.IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN LINEAGE, INC. (LINE), CLICK HERE BEFORE SEPTEMBER 30, 2025 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT. What Is The Lawsuit About? The complaint filed alleges that, pursuant an ...
Levi & Korsinsky Reminds Lineage, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of September 30, 2025 - LINE
Prnewswire· 2025-08-15 13:15
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 adversely affected by alleged securities fraud during the IPO [2]. - The complaint claims that Lineage concealed significant issues, including a decline in customer demand due to increased cold-storage supply and destocking of excess inventory from the COVID-19 pandemic [3]. - It is alleged that Lineage raised prices prior to the IPO, which could not be sustained amid weakening demand, leading to stagnant or falling revenue, occupancy rates, and rent prices [3]. Group 2: Implications for Investors - Investors who suffered losses during the relevant timeframe have until September 30, 2025, to request appointment as lead plaintiff, although participation does not require this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: 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].
LINE INVESTOR REMINDER: Lineage, Inc. Stock Drop Triggers Securities Class Action – Contact BFA Law before Imminent September 30 Deadline (NASDAQ:LINE)
GlobeNewswire News Room· 2025-08-15 12:18
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 stock price decline [1][2]. Group 1: Lawsuit Details - The lawsuit is based on claims under Sections 11 and 15 of the Securities Act of 1933, representing investors who purchased stock during Lineage's IPO on July 25, 2024 [2]. - Investors have until September 30, 2025, to request to lead the case, which is currently pending in the U.S. District Court for the Eastern District of Michigan [2]. Group 2: Company Background - Lineage, Inc. operates as a cold storage-focused real estate investment trust (REIT), managing temperature-controlled storage facilities for perishable products [3]. Group 3: IPO and Financial Performance - Lineage's IPO documents claimed strong cash flows due to consistent cold chain demand, suggesting resilience during economic stress [4]. - Contrary to these claims, Lineage faced a downturn as customers destocked excess inventory from the pandemic and shifted to leaner inventories, compounded by increased cold-storage supply [4]. - Following the IPO at $78 per share, Lineage's stock price has plummeted to around $40 per share, nearly a 50% decrease [5].
Robbins LLP Urges LINE Investors with Large Losses to Contact the Firm for Information About Leading the LINE Securities Fraud Class Action
GlobeNewswire News Room· 2025-08-14 23:28
Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of shareholders of Linage, Inc. (NASDAQ: LINE) due to allegations of misleading information in the company's IPO registration statement [1][2]. Allegations - The registration statement filed on June 26, 2024, allegedly contained false or misleading information regarding the company's financial health and market conditions [2]. - Key issues include: - Sustained weakening in customer demand due to increased cold-storage supply and destocking of excessive inventory from the COVID-19 pandemic [2]. - Price increases implemented prior to the IPO that could not be maintained amid declining demand [2]. - Inability to counteract adverse trends through operational efficiencies or competitive advantages [2]. - Contrary to claims of stable revenue growth and high occupancy rates, the company has been experiencing stagnant or falling revenue, occupancy rates, and rent prices [2]. - Overall, the company's financial results and business prospects have been materially impaired [2]. Stock Performance - Since the IPO, Linage's stock price has dropped to around $40 per share, significantly below the IPO price at the time of the complaint [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs must submit their papers by September 30, 2025, but participation is not required for recovery eligibility [4].
LINEAGE INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against Lineage, Inc. and Announces Opportunity for Investors with Substantial Losses to Lead Investor Class Action Lawsuit - LINE
GlobeNewswire News Room· 2025-08-14 22:00
Core Viewpoint - The article discusses a class action lawsuit against Lineage, Inc. related to its July 2024 IPO, alleging that the company and its executives misled investors regarding its financial health and market conditions [1][3]. Group 1: Company Overview - Lineage, Inc. is a Maryland-based Real Estate Investment Trust (REIT) that specializes in temperature-controlled cold-storage facilities [2]. - The company raised over $5 billion by selling over 65 million shares at $78 per share during its IPO [2]. Group 2: Allegations of the Lawsuit - The lawsuit claims that the registration statement for the IPO was false or misleading, failing to disclose significant issues such as: - A decline in customer demand due to increased cold-storage supply and destocking of excess inventory from the COVID-19 pandemic [3]. - Unsustainable price increases implemented prior to the IPO in light of weakening demand [3]. - Inability to counteract adverse trends through operational efficiencies or competitive advantages [3]. - Actual performance showed stagnant or declining revenue, occupancy rates, and rent prices, contrary to the representations made in the registration statement [3]. Group 3: Stock Performance - Since the IPO, Lineage's stock price has dropped to around $40 per share, significantly below the IPO price [4].
Investors in Lineage, Inc. Should Contact Levi & Korsinsky Before September 30, 2025 to Discuss Your Rights – LINE
GlobeNewswire News Room· 2025-08-14 20:45
NEW YORK, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Lineage, Inc. ("Lineage, Inc." or the "Company") (NASDAQ: LINE) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Lineage, Inc. investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all purchasers of Lineage common stock in or traceable to the registration statement used in connection with the Company’s July 26, 2024 initial ...
Deadline Alert: Lineage, Inc. (LINE) Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
GlobeNewswire News Room· 2025-08-14 16:00
Core Viewpoint - The article discusses a class action lawsuit against Lineage, Inc. due to significant financial losses and misleading statements made during its IPO process, with a deadline for investors to file a lead plaintiff motion by September 30, 2025 [1][8]. Financial Performance - Lineage conducted its IPO in July 2024, selling over 65 million shares at $78 per share [2]. - The company reported a net loss of $543 million in Q3 2024, leading to a stock price drop of $5.22, or 7.4%, to close at $65.79 on November 6, 2024 [3]. - In Q1 2025, total revenue decreased by 2.7% to $1.29 billion, resulting in a further stock price decline of $8.16, or 14.62%, to close at $47.65 on April 30, 2025 [5]. Company Developments - Lineage announced employee layoffs on January 14, 2025, due to reduced customer demand, just six months post-IPO [3]. - The company dismissed its auditor, KPMG LLP, on April 7, 2025, causing its stock price to fall by $5.29, or 9.9%, over two trading days [4]. - On June 3, 2025, Lineage indicated flat demand for its products and services, with stock prices remaining significantly below the IPO price [6]. Allegations in the Lawsuit - The lawsuit claims that the Registration Statement contained materially false and misleading statements and failed to disclose adverse facts about the company's business and prospects [7]. - Specific allegations include sustained weakening in customer demand, inability to maintain price increases, and misleading representations about revenue growth and occupancy rates [7].
The Gross Law Firm Notifies Lineage, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - LINE
Prnewswire· 2025-08-14 12:45
Core Viewpoint - The lawsuit against Lineage, Inc. alleges that the company misled investors regarding its financial health and operational performance during the class period surrounding its IPO on July 26, 2024 [2]. Allegations - The complaint claims that Lineage experienced a decline in customer demand due to increased cold-storage supply and a destocking of excess inventory from the COVID-19 pandemic [2]. - It is alleged that the company raised prices prior to the IPO, which could not be sustained amid weakening demand [2]. - Lineage reportedly failed to counteract adverse trends through operational efficiencies or competitive advantages [2]. - Contrary to claims of stable revenue growth and high occupancy rates, the company was allegedly facing stagnant or declining revenue, occupancy rates, and rent prices [2]. - As a result of these issues, Lineage's financial results and business prospects were said to be materially impaired [2]. Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by September 30, 2025 [3]. - Registered shareholders will receive updates through a portfolio monitoring software regarding the case [3]. Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [4].