LINEAGE INVESTOR ALERT: Investor Files Class Action Lawsuit Against Lineage, Inc. and Attorneys Announce Opportunity for Investors with Substantial Losses to Lead Investor Class Action Lawsuit - LINE

Core Viewpoint - The article discusses a class action lawsuit against Lineage, Inc. related to its July 2024 IPO, alleging violations of the Securities Act of 1933 due to misleading statements regarding the company's financial health and market conditions [1][3]. Company Overview - Lineage, Inc. is a Maryland-based Real Estate Investment Trust (REIT) that specializes in temperature-controlled cold-storage facilities [2][3]. - The company raised over $5 billion by selling over 65 million shares at $78 per share during its IPO [2]. Allegations of the Lawsuit - The lawsuit claims that the registration statement for the IPO was false or misleading, failing to disclose several critical issues: - Lineage was experiencing a decline in customer demand due to increased cold-storage supply and a shift in customer inventory strategies post-COVID-19 [3]. - The company had raised prices prior to the IPO, which could not be sustained amid weakening demand [3]. - Lineage was unable to mitigate adverse trends through operational efficiencies or competitive advantages [3]. - Contrary to claims of stable revenue growth and high occupancy rates, the company was facing stagnant or declining revenue, occupancy rates, and rent prices [3]. - As a result, Lineage's financial results and business prospects were significantly impaired [3]. Stock Performance - Since the IPO, Lineage's stock price has dropped to around $40 per share, remaining substantially below the IPO price at the time of the lawsuit filing [4]. Legal Representation - The plaintiffs are represented by Robbins Geller Rudman & Dowd LLP, a law firm known for its expertise in prosecuting investor class actions, particularly those involving financial fraud [4][6]. Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Lineage common stock in connection with the IPO to seek appointment as lead plaintiff in the class action lawsuit [5]. - The lead plaintiff represents the interests of all class members and can select a law firm for litigation [5]. Firm Background - Robbins Geller is recognized as one of the leading law firms in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [6]. - The firm has a strong track record, including the largest securities class action recovery in history, amounting to $7.2 billion in the Enron case [6].