Lineage, Inc.(US:LINE) Prnewswireยท2025-08-26 12:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Lineage, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose critical information during the company's IPO period [1][2]. Allegations - The lawsuit claims that Lineage experienced a significant 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 raised prices prior to the IPO, which could not be maintained due to the weakening demand environment [2]. - The company reportedly failed to counteract adverse trends through operational efficiencies or competitive advantages, leading to stagnant or declining revenue, occupancy rates, and rent prices [2]. - As a result of these issues, Lineage's financial results and business prospects were materially impaired, contrary to the representations made in the registration statement [2]. Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by September 30, 2025, to monitor the case's progress [3]. - Registration allows shareholders to receive updates and does not incur any costs or obligations [3]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for losses incurred due to misleading statements or omissions [4].