Lineage, Inc.(US:LINE) GlobeNewswire News Roomยท2025-08-27 10:46Core 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 food and other 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 stress, while in reality, the company was experiencing a downturn due to customers destocking excess inventory and shifting to leaner inventories [4]. - The IPO was conducted at $78 per share, but the stock price has since fallen to around $40 per share, approximately half of the IPO price [5]. Financial Performance - Following the IPO, Lineage reported in February 2025 that customers were unwinding previously overbuilt inventory levels, indicating a return to a more normal seasonal pattern [5].