Lineage, Inc.(US:LINE) GlobeNewswire News Roomยท2025-08-11 20:23Core Viewpoint - A class action securities lawsuit has been filed against Lineage, Inc. due to alleged securities fraud affecting investors who purchased common stock during the company's initial public offering on July 26, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors adversely affected by alleged false statements made by the company regarding its financial health and operational performance [2]. - The complaint alleges that Lineage was experiencing a decline in customer demand due to increased cold-storage supply, destocking of excessive inventory from the COVID-19 pandemic, and a shift to leaner inventory management by customers [3]. - It is claimed that Lineage implemented unsustainable price increases prior to the IPO, which could not be maintained in the face of weakening demand [3]. - The company reportedly failed to counteract adverse trends through operational efficiencies or competitive advantages, leading to stagnant or declining revenue, occupancy rates, and rent prices [3]. - As a result of these issues, Lineage's financial results and business prospects were materially impaired, contrary to representations made in the registration statement [3]. Group 2: Next Steps for Investors - Investors who suffered losses in Lineage, Inc. during the relevant time frame have until September 30, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as lead plaintiff [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [5]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [5].