Lineage, Inc.(US:LINE) Prnewswire·2025-09-29 12:45Core Viewpoint - The Gross Law Firm has announced a class action lawsuit on behalf of shareholders of Lineage, Inc. (NASDAQ: LINE), alleging that the company made materially false and misleading statements regarding its financial health and operational performance during the class period surrounding its IPO on July 26, 2024 [1][2][3]. Allegations - The lawsuit claims that Lineage experienced a significant decline in customer demand due to increased cold-storage supply and a destocking of excess inventory by customers, which was a response to changing consumer trends post-COVID-19 [3]. - It is alleged that Lineage implemented unsustainable price increases prior to the IPO, which could not be maintained in the face of weakening demand [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, contrary to the representations made in the registration statement [3]. - As a result of these issues, Lineage's financial results and business prospects were materially impaired, contradicting the claims of stable revenue growth and high occupancy rates [3]. Next Steps for Shareholders - Shareholders who purchased shares of Lineage during the specified class period are encouraged to register for the class action by September 30, 2025, to potentially be appointed as lead plaintiffs [4]. - Registration will provide shareholders with updates throughout the lifecycle of the case, and participation in the case incurs no cost or obligation [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered losses due to deceitful practices by companies [5].