Lineage, Inc.(US:LINE) Prnewswire·2025-10-01 12:45Core Viewpoint - A class action securities lawsuit has been filed against Lineage, Inc. due to alleged securities fraud affecting investors who purchased common stock during the company's initial public offering on July 26, 2024 [1][2]. Summary by Sections Class Definition - The lawsuit aims to recover losses for investors adversely affected by the alleged fraud, specifically targeting those who purchased Lineage common stock in connection with the IPO [2]. Case Details - The complaint alleges several key points: - Lineage experienced a decline in customer demand due to increased cold-storage supply and customers destocking excess inventory from the COVID-19 pandemic [3]. - The company raised prices prior to the IPO, which could not be sustained amid weakening demand [3]. - Lineage failed to counteract adverse trends through operational efficiencies or competitive advantages [3]. - Contrary to claims of stable revenue growth and high occupancy rates, the company faced stagnant or declining revenue, occupancy rates, and rent prices [3]. - Overall, Lineage's financial results and business prospects were materially impaired as a result of these issues [3]. Next Steps - Investors who suffered losses during the relevant timeframe have until September 30, 2025, to request appointment as lead plaintiff, although participation does not require serving in this role [4]. 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].