Innovative Industrial Properties(US:IIPR) GlobeNewswire News Roomยท2025-01-21 21:31Core Viewpoint - A shareholder has filed a securities class action lawsuit against Innovative Industrial Properties, Inc. (IIPR) for alleged misrepresentations regarding significant declines in rent and property-management fees related to customer leases [1][2]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased or acquired IIPR securities between February 27, 2024, and December 19, 2024 [1]. - Investors are encouraged to file papers by March 18, 2025, if they wish to serve as lead plaintiff, which involves directing the litigation on behalf of the class [3]. - The representation in the lawsuit is on a contingency fee basis, meaning shareholders will not incur fees or expenses [3]. Group 2: Company Background - Bernstein Liebhard LLP, the law firm handling the case, has recovered over $3.5 billion for clients since 1993 and has represented large public and private pension funds [4]. - The firm has been recognized for its success in litigating class actions, being named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for sixteen consecutive years [4].