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LINEAGE NOTICE: BFA Law Notifies Lineage, Inc. Investors of the Pending Securities Class Action – Contact BFA Law if You Lost Money (NASDAQ:LINE)
Lineage, Inc.Lineage, Inc.(US:LINE) GlobeNewswire News Room·2025-08-31 10:36

Core Viewpoint - A lawsuit has been filed against Lineage, Inc. and its senior executives for potential violations of federal securities laws related to its IPO and subsequent financial performance [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 stress [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 [4]. Financial Performance - Following the IPO at $78 per share, Lineage's stock price has significantly declined to around $40 per share, approximately 50% of its initial value [5]. - In its fiscal Q4 2024 results, Lineage indicated that customers were returning to more normal inventory levels, which was expected to continue [5].