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The Gross Law Firm Notifies Innovative Industrial Properties, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - IIPR

Core 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 that may have affected the company's stock value [1][3]. Summary by Relevant Sections Allegations - The complaint alleges that during the class period from February 27, 2024, to December 19, 2024, IIPR made materially false and misleading statements, failing to disclose significant declines in rent and property-management fees related to certain customer leases [1] - It is claimed that these issues would likely impair the company's ability to maintain funds from operations and revenue growth [1] - The leasing operations of IIPR were reportedly less profitable than represented to investors, leading to materially false and misleading public statements [1] Class Action Details - Shareholders who purchased IIPR shares during the specified class period are encouraged to register for the class action, with a deadline set for March 18, 2025 [2] - Registration allows shareholders to be enrolled in a portfolio monitoring system for updates throughout the case lifecycle [2] Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [3] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3]