GlobeNewswire News Roomยท2025-08-11 22:11Core Viewpoint - A class action lawsuit has been filed against Lineage, Inc. alleging securities fraud related to misleading statements in the company's registration statement prior to its IPO [3]. Summary by Relevant Sections Allegations of the Lawsuit - The lawsuit claims that Lineage's registration statement was false or misleading, failing to disclose several critical issues: - Lineage was experiencing a sustained decline in customer demand due to increased cold-storage supply, destocking of excess inventory from the COVID-19 pandemic, and a shift to leaner inventory management by customers [3]. - The company had raised prices before the IPO, which could not be maintained due to the weakening demand environment [3]. - Lineage was unable to mitigate adverse trends through minimum storage guarantees or operational efficiencies, contrary to claims made in the registration statement [3]. - Instead of stable revenue growth and high occupancy rates, Lineage faced stagnant or declining revenue, occupancy rates, and rent prices [3]. Stock Performance - Since the IPO, Lineage's stock price has dropped to approximately $40 per share, indicating a significant decline in market confidence [3].