Lineage, Inc.(US:LINE) Prnewswireยท2025-09-05 12:45Core Viewpoint - A class action securities lawsuit has been filed against Lineage, Inc. due to alleged securities fraud affecting investors who purchased shares during the company's initial public offering on July 26, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors adversely affected by false statements and omissions made by Lineage, Inc. regarding its financial health and operational performance [2][3]. - Allegations include that Lineage was experiencing a decline in customer demand, leading to destocking of excessive inventory and a shift to leaner cold-storage inventories [3]. - The complaint asserts that Lineage's price increases prior to the IPO were unsustainable due to weakening demand, and the company could not counteract these adverse trends through operational efficiencies or competitive advantages [3]. Group 2: Financial Impact - Contrary to representations made in the registration statement, Lineage was reportedly suffering from stagnant or declining revenue, occupancy rates, and rent prices, rather than enjoying stable growth [3]. - The lawsuit claims that Lineage's financial results, business operations, and future prospects were materially impaired as a result of the alleged misrepresentations [3]. Group 3: Next Steps for Investors - Investors who suffered losses during the relevant timeframe have until September 30, 2025, to request appointment as lead plaintiff in the lawsuit [4]. - Participation in the lawsuit does not require any out-of-pocket costs or fees for class members [4]. Group 4: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [5]. - The firm is recognized as one of the top securities litigation firms in the United States, with extensive expertise in complex securities cases [5].