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LINEAGE ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Lineage, Inc. and Encourages Investors to Contact the Firm
Lineage, Inc.Lineage, Inc.(US:LINE) GlobeNewswire News Room·2025-08-06 00:02

Core Viewpoint - A class action lawsuit has been filed against Lineage, Inc. for alleged material misrepresentations in its IPO registration statement, impacting investors who purchased shares during the IPO [2][4]. Company Information - Lineage, Inc. filed a registration statement for its IPO on June 26, 2024, which was declared effective on July 24, 2024 [3]. - The company’s stock price has fallen to approximately $40 per share, which is about half of the IPO price since the IPO occurred [5]. Legal Proceedings - The lawsuit is on behalf of all individuals and entities who purchased or acquired Lineage's initial public offerings, with a deadline of September 30, 2025, for investors to apply to be appointed as lead plaintiff [2]. - The complaint alleges that the registration statement contained material misrepresentations regarding Lineage's business and financial results, particularly concerning the impact of the COVID-19 pandemic on cold storage demand [4].