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LINE STOCK ALERT: Lineage, Inc. Investors may have been Affected by Securities Violations -- Contact BFA Law by September 30 about the Class Action (NASDAQ:LINE)
Lineage, Inc.Lineage, Inc.(US:LINE) GlobeNewswire News Roomยท2025-08-25 12:44

Core Viewpoint - A lawsuit has been filed against Lineage, Inc. and its senior executives for potential violations of federal securities laws, particularly related to misleading statements made during its IPO [1][2]. Company Overview - Lineage, Inc. is a cold storage-focused real estate investment trust (REIT) that operates temperature-controlled storage facilities for perishable products [3]. IPO and Allegations - The IPO documents claimed that Lineage had "consistent cold chain demand" and strong cash flows, suggesting resilience during economic downturns [4]. - Contrary to these claims, it is alleged that Lineage was experiencing a downturn as customers reduced excess inventory accumulated during the COVID-19 pandemic and shifted to leaner inventories [4]. Financial Performance - Following the IPO, Lineage's stock price fell significantly from an initial price of $78 per share to around $40 per share, indicating a decline of approximately 50% [5]. - In February 2025, Lineage reported that customers were "unwinding" previously overbuilt inventory levels, returning to a more normal seasonal pattern [5].