Lineage, Inc.(US:LINE) Prnewswireยท2025-08-18 15:04Core Viewpoint - A lawsuit has been filed against Lineage, Inc. for allegedly making false and misleading statements during its July 2024 IPO, particularly regarding its financial health and customer demand [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the registration statement for Lineage's IPO was misleading, failing to disclose a decline in customer demand due to increased cold-storage supply and destocking of excess inventory from the COVID-19 pandemic [2]. - It is alleged that Lineage's customers have shifted to maintaining leaner cold-storage inventories, impacting the company's revenue and occupancy rates negatively [2]. - The plaintiff argues that instead of the expected stable revenue growth and high occupancy rates, Lineage is experiencing stagnant or declining revenue, occupancy rates, and rent prices [2]. Group 2: Investor Information - Investors who purchased shares of Lineage, Inc. are encouraged to contact the Shareholders Foundation for information regarding their options related to the lawsuit [1][3].