Lineage, Inc.(US:LINE) GlobeNewswire News Roomยท2025-08-13 12:33Core Viewpoint - A lawsuit has been filed against Lineage, Inc. and its senior executives for potential violations of federal securities laws related to its IPO and subsequent financial performance [1][2]. Group 1: Company Overview - Lineage, Inc. is a cold storage-focused real estate investment trust (REIT) that operates temperature-controlled storage facilities for perishable products [3]. Group 2: IPO and Allegations - The IPO documents claimed that Lineage had "consistent cold chain demand" and strong cash flows, suggesting resilience during economic stress [4]. - Contrary to these claims, Lineage was allegedly experiencing a downturn as customers destocked excess inventory and shifted to leaner inventories [4]. Group 3: Financial Performance - Following its IPO at $78 per share, Lineage's stock price has significantly declined to around $40 per share, approximately half of the IPO price [5]. - In February 2025, Lineage reported that customers were returning to a more normal seasonal inventory pattern, indicating a shift from previously overbuilt levels [5].