LINEAGE INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against Lineage, Inc. and Announces Opportunity for Investors with Substantial Losses to Lead Investor Class Action Lawsuit - LINE

Core Viewpoint - The article discusses a class action lawsuit against Lineage, Inc. related to its July 2024 IPO, alleging that the company and its executives misled investors regarding its financial health and market conditions [1][3]. Group 1: Company Overview - Lineage, Inc. is a Maryland-based Real Estate Investment Trust (REIT) that specializes in temperature-controlled cold-storage facilities [2]. - The company raised over $5 billion by selling over 65 million shares at $78 per share during its IPO [2]. Group 2: Allegations of the Lawsuit - The lawsuit claims that the registration statement for the IPO was false or misleading, failing to disclose significant issues such as: - A decline in customer demand due to increased cold-storage supply and destocking of excess inventory from the COVID-19 pandemic [3]. - Unsustainable price increases implemented prior to the IPO in light of weakening demand [3]. - Inability to counteract adverse trends through operational efficiencies or competitive advantages [3]. - Actual performance showed stagnant or declining revenue, occupancy rates, and rent prices, contrary to the representations made in the registration statement [3]. Group 3: Stock Performance - Since the IPO, Lineage's stock price has dropped to around $40 per share, significantly below the IPO price [4].