Lineage, Inc.(US:LINE) Prnewswireยท2025-08-18 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 significant decline in customer demand due to increased cold-storage supply and a shift in customer inventory strategies post-COVID-19 [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 mitigate adverse trends through operational efficiencies or competitive advantages, leading to stagnant or declining revenue, occupancy rates, and rent prices [2]. - The financial results and business prospects of Lineage were materially impaired as a result of these issues [2]. Class Action Details - Shareholders who purchased Lineage shares during the specified class period are encouraged to register for the class action by September 30, 2025 [3]. - Registration allows shareholders to receive updates on the case and does not incur any costs or obligations [3]. Law Firm Information - The Gross Law Firm is recognized for its commitment to protecting investors' rights and addressing corporate misconduct [4].