Lineage, Inc.(US:LINE) Globenewswireยท2025-09-12 12:18Core Viewpoint - A lawsuit has been filed against Lineage, Inc. and its senior executives for potential violations of federal securities laws, particularly related to misleading statements made during its IPO [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 downturns [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 and shifted to leaner inventory practices [4]. Financial Performance - Following the IPO, which was priced at $78 per share, Lineage's stock price has significantly declined to around $40 per share, approximately 50% of its initial value [5]. - In February 2025, Lineage reported that customers were "unwinding" previously overbuilt inventory levels, indicating a return to a more normal seasonal pattern [5].