Robbins LLP Urges LINE Investors with Large Losses to Contact the Firm for Information About Leading the LINE Securities Fraud Class Action

Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of shareholders of Linage, Inc. (NASDAQ: LINE) due to allegations of misleading information in the company's IPO registration statement [1][2]. Allegations - The registration statement filed on June 26, 2024, allegedly contained false or misleading information regarding the company's financial health and market conditions [2]. - Key issues include: - Sustained weakening in customer demand due to increased cold-storage supply and destocking of excessive inventory from the COVID-19 pandemic [2]. - Price increases implemented prior to the IPO that could not be maintained amid declining demand [2]. - Inability to counteract adverse trends through operational efficiencies or competitive advantages [2]. - Contrary to claims of stable revenue growth and high occupancy rates, the company has been experiencing stagnant or falling revenue, occupancy rates, and rent prices [2]. - Overall, the company's financial results and business prospects have been materially impaired [2]. Stock Performance - Since the IPO, Linage's stock price has dropped to around $40 per share, significantly below the IPO price at the time of the complaint [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs must submit their papers by September 30, 2025, but participation is not required for recovery eligibility [4].