Innovative Industrial Properties(IIPR) Prnewswire·2025-02-28 20:20Core Viewpoint - Rosen Law Firm is reminding purchasers of Innovative Industrial Properties, Inc. (IIPR) securities of a class action lawsuit with a lead plaintiff deadline of March 18, 2025 [1] Group 1: Class Action Details - Investors who purchased IIPR securities between February 27, 2024, and December 19, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6] - Investors wishing to serve as lead plaintiff must file a motion with the court by the specified deadline [3] Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4] - The firm has been ranked No. 1 for securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [4] - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [4] Group 3: Case Allegations - The lawsuit alleges that IIPR made false and misleading statements regarding its financial performance, including significant declines in rent and property-management fees [5] - It is claimed that these issues would impair IIPR's ability to maintain funds from operations (FFO) and revenue growth, making its leasing operations less profitable than represented [5] - The lawsuit asserts that IIPR's public statements were materially false and misleading, leading to investor damages when the true details emerged [5]