Alexandria Real Estate(US:ARE) TMX Newsfile·2025-12-29 20:33Core Viewpoint - A class action lawsuit has been filed against Alexandria Real Estate Equities, Inc. and certain senior executives for securities fraud following a significant stock drop attributed to potential violations of federal securities laws [1]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Central District of California, captioned Hern v. Alexandria Real Estate Equities, Inc., et al., No. 2:25-cv-11319 [3]. - Investors have until January 26, 2026, to request to be appointed to lead the case [3]. - The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Alexandria Real Estate securities [3]. Group 2: Company Performance and Stock Impact - Alexandria Real Estate, a real estate investment trust focused on life science industries, reported lower occupancy rates and slower leasing activity, leading to a real estate impairment charge of $323.9 million, with $206 million attributed to its Long Island City property [4][5]. - On October 27, 2025, the company announced disappointing 3Q 2025 results and reduced guidance for the fiscal year, causing its stock to drop by $14.93 per share, or over 19%, from $77.87 to $62.94 [6]. - The company indicated that the Long Island City property was not a viable life science destination that could scale, contributing to the impairment charges [6]. Group 3: Legal Representation - Bleichmar Fonti & Auld LLP, the law firm representing the plaintiffs, has a strong track record in securities class actions and has recovered significant amounts for investors in previous cases [8]. - The firm operates on a contingency fee basis, meaning there are no upfront costs for shareholders [7].