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IIPR Investors Have Opportunity to Lead Innovative Industrial Properties, Inc. Securities Fraud Lawsuit with the Schall Law Firm

Core Viewpoint - A class action lawsuit has been filed against Innovative Industrial Properties, Inc. for alleged violations of securities laws, claiming the company made false and misleading statements regarding its financial performance and lease operations [1][4]. Group 1: Lawsuit Details - The lawsuit is based on violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased securities between February 27, 2024, and December 19, 2024, are encouraged to participate in the lawsuit [2]. - The class has not yet been certified, meaning potential participants are not currently represented by an attorney [3]. Group 2: Allegations Against the Company - The complaint alleges that IIPR made false and misleading statements to the market, leading to material declines in rent and property management fees [4]. - The company's ability to maintain revenue growth and Funds From Operations (FFO) was negatively impacted by these declines [4]. - It is claimed that the company's lease operations were less profitable than represented, resulting in investor damages when the truth was revealed [4].