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LINEAGE INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against Lineage, Inc. and Announces Opportunity for Investors with Substantial Losses to Lead Securities Class Action Lawsuit - LINE
Lineage, Inc.Lineage, Inc.(US:LINE) GlobeNewswire News Roomยท2025-08-25 09:40

Core Viewpoint - Lineage, Inc. is facing a class action lawsuit due to alleged misleading statements in its IPO registration statement, which has resulted in significant stock price declines since the IPO [1][3][4]. Group 1: Class Action Lawsuit Details - The lawsuit, titled "City of St. Clair Shores Police and Fire Retirement System v. Lineage, Inc.," accuses Lineage and its executives of violating the Securities Act of 1933 [1][3]. - Investors who purchased Lineage common stock during or traceable to the July 2024 IPO have until September 30, 2025, to seek lead plaintiff status [1][5]. - The IPO raised over $5 billion by selling over 65 million shares at $78 per share [2][3]. Group 2: Allegations Against Lineage - The lawsuit claims that Lineage failed to disclose significant weakening in customer demand and changes in inventory management due to post-pandemic adjustments [3]. - It is alleged that Lineage implemented unsustainable price increases prior to the IPO, which could not be maintained in the current demand environment [3]. - The company reportedly experienced 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 fallen to around $40 per share, significantly below the IPO price [4].