Deadline Alert: Lineage, Inc. (LINE) Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

Core Viewpoint - The article discusses a class action lawsuit against Lineage, Inc. due to significant financial losses and misleading statements made during its IPO process, with a deadline for investors to file a lead plaintiff motion by September 30, 2025 [1][8]. Financial Performance - Lineage conducted its IPO in July 2024, selling over 65 million shares at $78 per share [2]. - The company reported a net loss of $543 million in Q3 2024, leading to a stock price drop of $5.22, or 7.4%, to close at $65.79 on November 6, 2024 [3]. - In Q1 2025, total revenue decreased by 2.7% to $1.29 billion, resulting in a further stock price decline of $8.16, or 14.62%, to close at $47.65 on April 30, 2025 [5]. Company Developments - Lineage announced employee layoffs on January 14, 2025, due to reduced customer demand, just six months post-IPO [3]. - The company dismissed its auditor, KPMG LLP, on April 7, 2025, causing its stock price to fall by $5.29, or 9.9%, over two trading days [4]. - On June 3, 2025, Lineage indicated flat demand for its products and services, with stock prices remaining significantly below the IPO price [6]. Allegations in the Lawsuit - The lawsuit claims that the Registration Statement contained materially false and misleading statements and failed to disclose adverse facts about the company's business and prospects [7]. - Specific allegations include sustained weakening in customer demand, inability to maintain price increases, and misleading representations about revenue growth and occupancy rates [7].