Lineage, Inc.(US:LINE) Prnewswireยท2025-09-02 23:55Core Viewpoint - Robbins LLP has filed a class action on behalf of shareholders of Lineage, Inc. alleging that the company misled investors during its 2024 IPO regarding its financial health and operational performance [1][2]. Group 1: Allegations Against Lineage, Inc. - The registration statement for Lineage's IPO filed on June 26, 2024, was claimed to be false and misleading, failing to disclose significant issues such as weakening customer demand and inventory destocking [2]. - Lineage's customers reportedly shifted to maintaining leaner cold-storage inventories due to changes in consumer trends, which was not communicated in the IPO documentation [2]. - The company had implemented unsustainable price increases prior to the IPO, which could not be maintained in the face of declining demand [2]. - Contrary to the claims of stable revenue growth and high occupancy rates, Lineage was experiencing stagnant or falling revenue, occupancy rates, and rent prices [2]. Group 2: Stock Performance - Since the IPO, Lineage's stock price has dropped to approximately $40 per share, remaining significantly below the IPO price at the time of the complaint [3]. Group 3: Class Action Participation - Shareholders interested in serving as lead plaintiffs in the class action must submit their papers by September 30, 2025, although participation is not required to be eligible for recovery [4].