Lineage, Inc.(US:LINE) Prnewswireยท2025-08-15 13:15Core Viewpoint - A class action securities lawsuit has been filed against Lineage, Inc. alleging securities fraud related to its initial public offering (IPO) on July 26, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors adversely affected by alleged securities fraud during the IPO [2]. - The complaint claims that Lineage concealed significant issues, including a decline in customer demand due to increased cold-storage supply and destocking of excess inventory from the COVID-19 pandemic [3]. - It is alleged that Lineage raised prices prior to the IPO, which could not be sustained amid weakening demand, leading to stagnant or falling revenue, occupancy rates, and rent prices [3]. Group 2: Implications for Investors - Investors who suffered losses during the relevant timeframe have until September 30, 2025, to request appointment as lead plaintiff, although participation does not require this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [5].