Lineage, Inc.(US:LINE) Prnewswire·2025-09-09 13:00Core Viewpoint - A class action securities lawsuit has been filed against Lineage, Inc. alleging securities fraud related to its initial public offering (IPO) on July 26, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who purchased Lineage common stock in connection with the IPO [2]. - The complaint alleges that Lineage made false statements and concealed significant issues, including a decline in customer demand due to increased cold-storage supply and destocking of excessive inventory from the COVID-19 pandemic [3]. - It is claimed that Lineage's price increases prior to the IPO were unsustainable given the weakening demand environment [3]. - 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 [3]. Group 2: Next Steps for Investors - Investors who suffered losses in Lineage, Inc. during the relevant period have until September 30, 2025, to request appointment as lead plaintiff [4]. - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs for class members [4]. Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [5]. - The firm is recognized as one of the top securities litigation firms in the United States, ranking in ISS Securities Class Action Services' Top 50 Report for seven consecutive years [5].