Innovative Industrial Properties(IIPR) Prnewswire·2025-02-24 10:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Innovative Industrial Properties, Inc. (IIPR) regarding a class action lawsuit due to alleged misleading statements and undisclosed information during a specified class period [1][2]. Group 1: Allegations and Class Period - The class period for the allegations is from February 27, 2024, to December 19, 2024 [1]. - Allegations include significant declines in rent and property-management fees related to certain customer leases, which may impair the company's ability to maintain funds from operations and revenue growth [1]. - It is claimed that IIPR's leasing operations were less profitable than previously represented, leading to materially false and misleading public statements [1]. Group 2: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by March 18, 2025, to potentially become lead plaintiffs [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2]. - Participation in the case incurs no cost or obligation for shareholders [2]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect the rights of investors affected by deceit, fraud, and illegal business practices [3]. - The firm is committed to ensuring companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].