Lineage, Inc.(US:LINE) Prnewswireยท2025-08-14 12:45Core Viewpoint - The lawsuit against Lineage, Inc. alleges that the company misled investors regarding its financial health and operational performance during the class period surrounding its IPO on July 26, 2024 [2]. Allegations - The complaint claims that Lineage experienced a decline in customer demand due to increased cold-storage supply and a destocking of excess inventory from the COVID-19 pandemic [2]. - It is alleged that the company raised prices prior to the IPO, which could not be sustained amid weakening demand [2]. - Lineage reportedly failed to counteract adverse trends through operational efficiencies or competitive advantages [2]. - Contrary to claims of stable revenue growth and high occupancy rates, the company was allegedly facing stagnant or declining revenue, occupancy rates, and rent prices [2]. - As a result of these issues, Lineage's financial results and business prospects were said to be materially impaired [2]. Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by September 30, 2025 [3]. - Registered shareholders will receive updates through a portfolio monitoring software regarding the case [3]. Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [4].