Lineage, Inc.(US:LINE) Globenewswire·2025-09-11 20:24Core 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]. Class Definition - The lawsuit aims to recover losses for investors adversely affected by the alleged fraud, specifically targeting purchasers of Lineage common stock linked to the IPO registration statement [2]. Case Details - The complaint alleges that Lineage made false statements and concealed critical information, including: - Sustained weakening in customer demand due to increased cold-storage supply and destocking of excessive inventory from the COVID-19 pandemic [3]. - Price increases implemented prior to the IPO that could not be maintained amid declining demand [3]. - Inability to counteract adverse trends through operational efficiencies or competitive advantages [3]. - Actual performance showed stagnant or falling revenue, occupancy rates, and rent prices, contrary to claims of stable growth and high occupancy [3]. - Overall, Lineage's financial results, business operations, and prospects were materially impaired as a result of these issues [3]. Next Steps - Investors who suffered losses in Lineage, Inc. during the relevant timeframe have until September 30, 2025, to request appointment as lead plaintiff, although participation does not require this role [4]. Why Levi & Korsinsky - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions for shareholders and consistently ranking among the top securities litigation firms in the U.S. [5].