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ROSEN, LEADING INVESTOR COUNSEL, Encourages Lineage, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – LINE
GlobeNewswire News Room· 2025-08-13 21:00
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 destocking of excessive inventory from the COVID-19 pandemic [5]. - It is alleged 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 failed to counteract adverse 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 join the class action, investors can visit the provided link or contact the law firm for more information [3][6]. - A lead plaintiff must be appointed by September 30, 2025, to represent other class members in the litigation [1][3].
Class Action Filed Against Lineage, Inc. (LINE) - September 30, 2025 Deadline to Join – Contact The Gross Law Firm
GlobeNewswire News Room· 2025-08-13 20:41
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Lineage, Inc. regarding a class action lawsuit related to the company's initial public offering (IPO) on July 26, 2024, alleging that the company made materially false and misleading statements about its financial health and business operations [1][3][4]. Allegations - The lawsuit claims that during the class period, Lineage experienced a significant decline in customer demand due to increased cold-storage supply and a destocking of excess inventory from the COVID-19 pandemic, leading customers to maintain leaner inventories [4]. - It is alleged that Lineage implemented unsustainable price increases prior to the IPO, which could not be maintained in the face of weakening demand [4]. - The company reportedly failed to counteract adverse trends through operational efficiencies or competitive advantages, resulting in stagnant or declining revenue, occupancy rates, and rent prices, contrary to the representations made in the registration statement [4]. - As a result of these issues, Lineage's financial results, business operations, and future prospects were materially impaired [4]. Next Steps for Shareholders - Shareholders who purchased shares of Lineage during the specified class period are encouraged to register for the class action by September 30, 2025, to potentially be appointed as lead plaintiffs [5]. - Once registered, shareholders will receive updates on the case through a portfolio monitoring software [5]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights and ensuring companies adhere to responsible business practices [6].
LINEAGE INVESTOR NOTICE: 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
Prnewswire· 2025-08-13 14:15
SAN DIEGO, Aug. 13, 2025 /PRNewswire/ -- 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. Lineage, Inc., No. 25-cv-12383 (E.D. Mich.), the Line ...
LINEAGE STOCK: Lose Money on Your Lineage, Inc. (NASDAQ:LINE) Investment? Contact BFA Law before the September 30 Legal Deadline
GlobeNewswire News Room· 2025-08-13 12:33
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: 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 2: IPO and Allegations - The IPO documents claimed that Lineage had "consistent cold chain demand" and strong cash flows, suggesting resilience during economic stress [4]. - Contrary to these claims, Lineage was allegedly experiencing a downturn as customers destocked excess inventory and shifted to leaner inventories [4]. Group 3: Financial Performance - Following its IPO at $78 per share, Lineage's stock price has significantly declined to around $40 per share, approximately half of the IPO price [5]. - In February 2025, Lineage reported that customers were returning to a more normal seasonal inventory pattern, indicating a shift from previously overbuilt levels [5].
LINE Investors Have Opportunity to Lead Lineage, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-08-13 01:38
Core Viewpoint - A class action lawsuit has been filed against Lineage, Inc. regarding its July 2024 IPO, alleging that the registration statement was misleading and failed to disclose significant operational challenges faced by the company [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 destocking of excess inventory from the COVID-19 pandemic [5]. - It is alleged 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 failed to counteract adverse 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 securities may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested investors can join the class action by visiting the provided link or contacting the law firm for more information [3][6]. - A lead plaintiff is needed to represent the class, and interested parties must file by September 30, 2025 [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company at the time [4]. - The firm has consistently ranked highly in securities class action settlements and has recovered hundreds of millions for investors [4].
Kirby McInerney LLP Reminds Lineage, Inc. Investors of Class Action Filing and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-08-11 22:11
Core Viewpoint - A class action lawsuit has been filed against Lineage, Inc. alleging securities fraud related to misleading statements in the company's registration statement prior to its IPO [3]. Summary by Relevant Sections Allegations of the Lawsuit - The lawsuit claims that Lineage's registration statement was false or misleading, failing to disclose several critical issues: - Lineage was experiencing a sustained decline in customer demand due to increased cold-storage supply, destocking of excess inventory from the COVID-19 pandemic, and a shift to leaner inventory management by customers [3]. - The company had raised prices before the IPO, which could not be maintained due to the weakening demand environment [3]. - Lineage was unable to mitigate adverse trends through minimum storage guarantees or operational efficiencies, contrary to claims made in the registration statement [3]. - Instead of stable revenue growth and high occupancy rates, Lineage faced stagnant or declining revenue, occupancy rates, and rent prices [3]. Stock Performance - Since the IPO, Lineage's stock price has dropped to approximately $40 per share, indicating a significant decline in market confidence [3].
Levi & Korsinsky Notifies Shareholders of Lineage, Inc.(LINE) of a Class Action Lawsuit and an Upcoming Deadline
GlobeNewswire News Room· 2025-08-11 20:23
Core Viewpoint - A class action securities lawsuit has been filed against Lineage, Inc. due to alleged securities fraud affecting investors who purchased common stock 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 the company regarding its financial health and operational performance [2]. - The complaint alleges that Lineage was experiencing a decline in customer demand due to increased cold-storage supply, destocking of excessive inventory from the COVID-19 pandemic, and a shift to leaner inventory management by customers [3]. - It is claimed that Lineage implemented unsustainable price increases prior to the IPO, which could not be maintained in the face of weakening demand [3]. - 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 [3]. - As a result of these issues, Lineage's financial results and business prospects were materially impaired, contrary to representations made in the registration statement [3]. Group 2: Next Steps for Investors - Investors who suffered losses in Lineage, Inc. during the relevant time frame have until September 30, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as lead plaintiff [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [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 in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [5].
Contact The Gross Law Firm by September 30, 2025 Deadline to Join Class Action Against Lineage, Inc.(LINE)
Prnewswire· 2025-08-11 12:45
NEW YORK, Aug. 11, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Lineage, Inc. (NASDAQ: LINE). WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The fir ...
LINE COURT NOTICE: Lineage, Inc. Investors may have been Affected by Securities Violations -- Contact BFA Law before September 30 if You Suffered Losses (NASDAQ:LINE)
GlobeNewswire News Room· 2025-08-11 12:18
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 based on claims under Sections 11 and 15 of the Securities Act of 1933 [2]. - The lawsuit is pending in the U.S. District Court for the Eastern District of Michigan, titled City of St. Clair Shores Police and Fire Retirement System v. Lineage, Inc., et al., No. 2:25-cv-12383 [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 and Financial Performance - The IPO documents claimed strong cash flows due to consistent cold chain demand, suggesting resilience during economic stress, while in reality, the company was experiencing a downturn as customers destocked excess inventory from the pandemic [4]. - Following the IPO on July 25, 2024, at $78 per share, Lineage's stock price has significantly declined to around $40 per share, approximately 50% of its IPO price [5].
Shareholders who lost money in shares of Lineage, Inc. (NASDAQ: LINE) Should Contact Wolf Haldenstein Immediately.
Prnewswire· 2025-08-11 12:04
Core Viewpoint - A securities class action lawsuit has been filed against Lineage, Inc. for alleged material misrepresentations in its IPO Registration Statement, impacting investors who purchased shares during the IPO [1][6]. Allegations - The lawsuit claims that Lineage misrepresented the state of its business and industry trends in its IPO Registration Statement, which was declared effective on July 24, 2024 [6]. - It is alleged that the company falsely claimed that COVID-19 had accelerated growth in cold storage demand, which would benefit the company in the long term [6]. - The lawsuit also states that Lineage concealed a sustained downturn in its business, including destocking by customers and a market-wide shift towards leaner inventories [6]. - Additionally, the increase in overall cold storage supply negatively impacted occupancy rates and pricing power, particularly as Lineage had implemented unsustainable price hikes [6]. Impact on Investors - Investors have until September 30, 2025, to seek appointment as lead plaintiff in the case [3]. Legal Representation - Wolf Haldenstein Adler Freeman & Herz LLP, a law firm with over 125 years of experience in securities litigation, is representing the investors in this case [4].