Core Viewpoint - A 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 [2][4]. Company Information - Lineage, Inc. filed a registration statement for its IPO on June 26, 2024, which was declared effective on July 24, 2024 [3]. - The company’s stock price has fallen to approximately $40 per share, which is about half of the IPO price since the IPO occurred [5]. Legal Proceedings - The lawsuit is on behalf of all individuals and entities who purchased or acquired Lineage's initial public offerings, with a deadline of September 30, 2025, for investors to apply to be appointed as lead plaintiff [2]. - The complaint alleges that the registration statement contained material misrepresentations regarding Lineage's business and financial results, particularly concerning the impact of the COVID-19 pandemic on cold storage demand [4].

NEW YORK, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Lineage, Inc. ("Lineage" or "the Company") (NASDAQ: LINE) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Lineage securi ...

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, specifically titled City of St. Clair Shores Police and Fire Retirement System v. Lineage, Inc., et al. [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]. Group 3: Allegations and Financial Performance - 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 destocked excess inventory and shifted to leaner inventories [4]. - Following the IPO on July 25, 2024, at $78 per share, the stock price has significantly declined to around $40 per share, nearly a 50% drop [5].

NEW YORK, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of Michigan on behalf of all persons or entities who purchased the securities of Lineage, Inc. (“Lineage” or the “Company”) (NASDAQ: LINE) in its July 2024 initial public offering (the “IPO”) or thereafter. The Complaint alleges that, throughout the IPO, Defendants made materially false and misleading statements bec ...

Core Viewpoint - A class action lawsuit has been filed against Lineage, Inc. for alleged violations of federal securities laws related to misleading statements made during its IPO process [1][4]. Group 1: Lawsuit Details - The Schall Law Firm is representing investors who purchased Lineage's securities during its IPO in July 2024 and encourages them to contact the firm before September 30, 2025 [2]. - The lawsuit claims that Lineage made false and misleading statements that led to a weakening of demand as customers destocked excessive inventory and adjusted to changing consumer trends [4]. Group 2: Company Performance Issues - Lineage reportedly raised prices unsustainably prior to the IPO and failed to address demand problems through marketing or leveraging competitive advantages [4]. - The company's public statements are alleged to have been false and materially misleading throughout the class period, resulting in investor damages when the truth was revealed [4].

ATLANTA, Aug. 05, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Lineage, Inc. (“Lineage” or the “Company”) (NASDAQ: LINE). The lawsuit alleges that Lineage’s Registration Statement issued in connection with its Initial Public Offering (“IPO”) contained material misrepresentations and/or omissions, including allegations that Lineage was suffering from stagnant or falling revenue, occupancy rates, and rent prices. If you purchased shares of Lineage pursuant and/or traceabl ...

NEW YORK, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the common stock of Lineage, Inc. (“Lineage” or the “Company”) (NASDAQ: LINE) in, or traceable to, the registration statement issued in connection with the Company’s July 2024 initial public offering (the “IPO”). For more information, submit a form at Lineage, Inc. Shareholder Class Action Lawsuit, email Inv ...

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]. Company Overview - Lineage, Inc. is a Maryland-based Real Estate Investment Trust (REIT) that specializes in temperature-controlled cold-storage facilities [2][3]. - The company raised over $5 billion by selling over 65 million shares at $78 per share during its IPO [2]. Allegations of the Lawsuit - The lawsuit claims that the registration statement for the IPO was false or misleading, failing to disclose several critical issues: - Lineage was experiencing a decline in customer demand due to increased cold-storage supply and a shift in customer inventory strategies post-COVID-19 [3]. - The company had raised prices prior to the IPO, which could not be sustained amid weakening demand [3]. - Lineage was unable to mitigate adverse trends through operational efficiencies or competitive advantages [3]. - Contrary to claims of stable revenue growth and high occupancy rates, the company faced stagnant or declining revenue, occupancy rates, and rent prices [3]. - As a result, Lineage's financial results and business prospects were significantly impaired [3]. Stock Performance - Since the IPO, Lineage's stock price has dropped to around $40 per share, remaining substantially below the IPO price at the time of the lawsuit filing [4]. Legal Process - Investors who purchased Lineage common stock in connection with the IPO can seek to be appointed as lead plaintiff in the class action lawsuit [5]. - The lead plaintiff will represent the interests of all class members and can choose a law firm to litigate the case [5]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [6].

CLEVELAND, July 30, 2025 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its second quarter of 2025. Q2 2025 highlights compared to same quarter last year: Net sales in the second quarter of 2025 were $169.6 million compared to $138.7 million in the second quarter of 2024, a 22% increase. PLP-USA continued its strong 2025 performance as both energy product and communications end market sales contributed to the increase. The international segments bolstered ...

Core Insights - Norwegian Cruise Line is enhancing the guest experience at Great Stirrup Cay with new attractions and amenities, including a waterpark and various recreational facilities [2][3][8] Group 1: Waterpark Features - Great Tides Waterpark will feature 19 waterslides, a nearly 800-foot dynamic river, and a 9,000-square-foot splash zone for kids, offering a mix of adrenaline and relaxation [3][6] - The Tidal Tower will include eight waterslides, with the two tallest providing thrilling experiences, and select slides will have conveyor belts for easier access [4] - Cliffside Cove will introduce racer slides and cliff jumps, marking a first in the cruise industry, along with a family slide for simultaneous use by four guests [5] Group 2: Additional Island Enhancements - A new heated pool area, a multi-ship pier, and an island-wide tram service will improve accessibility and comfort for guests [8] - The Great Life Lagoon will feature private cabanas, two swim-up bars, and a vibrant atmosphere with a DJ at the Reef Bar [9] - Horizon Park will offer various recreational activities, including lawn games and a mini-golf course, while Hammock Bay will provide a relaxing environment with over 50 hammocks [10] Group 3: Marketing and Promotions - Norwegian Cruise Line is launching a nationwide sweepstakes from July 29 to August 31, 2025, offering 250 cruises to Great Stirrup Cay [11] - Consumer activations in New York City and Miami will promote the island experience, featuring immersive environments and opportunities to win cruise giveaways [12][14] - The company anticipates welcoming one million guests to Great Stirrup Cay in 2026, with new ships and itineraries planned to meet growing demand [15] Group 4: Special Offers - Norwegian Cruise Line is currently offering up to $1,500 off Caribbean and Bahamas sailings as part of "The Great Life Sale," along with additional benefits for Latitudes Members [16]