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LINEAGE INVESTORS: Lineage, Inc. has been Sued for Securities Violations after Significant Downturn -- Contact BFA Law by September 30 Court Deadline
Globenewswire· 2025-09-18 12:46
Core Viewpoint - A lawsuit has been filed against Lineage, Inc. and its senior executives for potential violations of federal securities laws related to its IPO and subsequent financial performance [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 destocked excess inventory and shifted to leaner inventories [4]. Financial Performance - Following the IPO at $78 per share, Lineage's stock price has significantly declined to around $40 per share, approximately half of its initial value [5]. - In February 2025, Lineage reported that customers were returning to a "more normal seasonal pattern," indicating a shift in inventory management [5].
LINE LEGAL NEWS: Lineage, Inc. Faces Securities Class Action after 17% Stock Drop -- Contact BFA Law by September 30 Court Deadline
Globenewswire· 2025-09-16 12:33
Core Viewpoint - A lawsuit has been filed against Lineage, Inc. and its senior executives for potential violations of federal securities laws related to its IPO and subsequent financial performance [1][2]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Eastern District of Michigan, specifically titled City of St. Clair Shores Police and Fire Retirement System v. Lineage, Inc., et al., No. 2:25-cv-12383 [2]. - Investors who purchased stock during Lineage's IPO on or about July 25, 2024, are represented in the lawsuit, which asserts claims under Sections 11 and 15 of the Securities Act of 1933 [2][4]. Group 2: Company Overview - Lineage, Inc. operates as a cold storage-focused real estate investment trust (REIT), owning and managing temperature-controlled storage facilities for perishable products [3]. - The company claimed in its IPO documents that it had "consistent cold chain demand" and strong cash flows, even during economic downturns [4]. Group 3: Financial Performance and Market Reaction - Following the IPO, Lineage's stock price has significantly declined from an initial price of $78 per share to around $40 per share, approximately half of its IPO value [5]. - In its fiscal Q4 2024 results announced on February 26, 2025, Lineage indicated that customers were "unwinding" excess inventory, returning to a more normal seasonal pattern [5].
Lineage, Inc. Sued for Securities Law Violations – Investors Should Contact The Gross Law Firm Before September 30, 2025 to Discuss Your Rights – LINE
GlobeNewswire News Room· 2025-09-04 19:44
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Lineage, Inc. regarding a class action lawsuit related to the company's initial public offering (IPO) on July 26, 2024, alleging that the company made materially false and misleading statements about its financial health and business operations [1][3][4]. Allegations - The lawsuit claims that during the class period, Lineage experienced a significant decline in customer demand due to increased cold-storage supply and a destocking of excessive inventory by customers, which was built up during the COVID-19 pandemic [4]. - It is alleged that Lineage implemented unsustainable price increases prior to the IPO, which could not be maintained in the face of weakening demand [4]. - 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 representations made in the registration statement [4]. - As a result of these issues, Lineage's financial results and business prospects were materially impaired [4]. 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 [5]. - Once registered, shareholders will receive updates on the case through a portfolio monitoring software [5].
Lineage, Inc. Sued for Securities Law Violations - Contact The Gross Law Firm Before September 30, 2025 to Discuss Your Rights - LINE
Prnewswire· 2025-09-04 12:45
Core Viewpoint - The lawsuit against Lineage, Inc. alleges that the company misled investors regarding its financial health and operational performance during the class period surrounding its IPO on July 26, 2024 [2]. Allegations - The complaint claims that Lineage experienced a decline in customer demand due to increased cold-storage supply and destocking of excess inventory from the COVID-19 pandemic [2]. - It is alleged that the company raised prices prior to the IPO, which could not be sustained amid weakening demand [2]. - Lineage reportedly failed to counteract adverse trends through operational efficiencies or competitive advantages [2]. - Contrary to claims of stable revenue growth and high occupancy rates, the company was allegedly facing stagnant or declining revenue, occupancy rates, and rent prices [2]. - As a result of these issues, Lineage's financial results and business prospects were significantly impaired [2]. Class Action Details - Shareholders who purchased Lineage shares during the specified class period are encouraged to register for the class action by September 30, 2025 [3]. - Registration allows shareholders to receive updates on the case and does not require any cost or obligation [3]. Law Firm Information - The Gross Law Firm is recognized for its commitment to protecting investors' rights against deceit and fraud in business practices [4].
LINE COURT NOTICE: Did Lineage, Inc. Mislead Investors? Contact BFA Law about the Securities Class Action before September 30 Deadline
GlobeNewswire News Room· 2025-09-02 11:16
Core Viewpoint - A lawsuit has been filed against Lineage, Inc. and its senior executives for potential violations of federal securities laws related to its IPO and subsequent financial performance [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 stress [4]. - Contrary to these claims, it is alleged that Lineage was experiencing a downturn as customers destocked excess inventory and shifted to leaner inventories [4]. Financial Performance - Following the IPO at $78 per share, Lineage's stock price has significantly declined to around $40 per share, approximately 50% of its initial value [5]. - In its fiscal Q4 2024 results, Lineage indicated that customers were returning to a more normal inventory pattern, which was expected to continue [5].
September 30, 2025 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against LINE
Prnewswire· 2025-08-26 12:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Lineage, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose critical information during the company's IPO period [1][2]. Allegations - The lawsuit claims that Lineage experienced a significant decline in customer demand due to increased cold-storage supply and destocking of excess inventory from the COVID-19 pandemic [2]. - It is alleged that Lineage raised prices prior to the IPO, which could not be maintained due to the weakening demand environment [2]. - 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 [2]. - As a result of these issues, Lineage's financial results and business prospects were materially impaired, contrary to the representations made in the registration statement [2]. Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by September 30, 2025, to monitor the case's progress [3]. - Registration allows shareholders to receive updates and does not incur any costs or obligations [3]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for losses incurred due to misleading statements or omissions [4].
The Gross Law Firm Reminds Lineage, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of September 30, 2025 – LINE
GlobeNewswire News Room· 2025-08-21 19:29
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Lineage, Inc. regarding a class action lawsuit related to the company's initial public offering (IPO) on July 26, 2024, alleging that the company made materially false and misleading statements about its financial health and business operations [1][3][4]. Summary by Relevant Sections Class Action Details - The lawsuit is on behalf of all purchasers of Lineage common stock during the class period associated with the IPO [3]. - Shareholders are encouraged to register for participation in the class action, with a deadline set for September 30, 2025 [5]. Allegations Against Lineage, Inc. - The complaint alleges that Lineage experienced a sustained weakening in customer demand due to increased cold-storage supply and destocking of excessive inventory from the COVID-19 pandemic [4]. - It is claimed that Lineage implemented unsustainable price increases prior to the IPO, which could not be maintained in the face of weakening demand [4]. - 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 [4]. - As a result of these issues, Lineage's financial results and business prospects were materially impaired, contrary to the representations made in the registration statement [4]. Next Steps for Shareholders - Shareholders who register will be enrolled in a portfolio monitoring software to receive updates on the case [5]. - There is no cost or obligation for shareholders to participate in the class action [5]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights and ensuring responsible business practices [6].
LINE SECURITIES: Lineage, Inc. Shareholders that Lost Money may have been Affected by Fraud -- Contact BFA Law before the Class Action Deadline (NASDAQ:LINE)
GlobeNewswire News Room· 2025-08-19 12:33
Core Viewpoint - A lawsuit has been filed against Lineage, Inc. and its senior executives for potential violations of federal securities laws related to its IPO and subsequent financial performance [1][2]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Eastern District of Michigan, specifically titled City of St. Clair Shores Police and Fire Retirement System v. Lineage, Inc., et al., No. 2:25-cv-12383 [2]. - Investors who purchased stock during Lineage's IPO on or about July 25, 2024, are represented in the lawsuit, which asserts claims under Sections 11 and 15 of the Securities Act of 1933 [2][4]. Group 2: Company Overview - Lineage, Inc. operates as a cold storage-focused real estate investment trust (REIT), owning and managing temperature-controlled storage facilities for perishable products [3]. - The company claimed in its IPO documents that it had "consistent cold chain demand," which was expected to provide strong cash flows even during economic downturns [4]. Group 3: Financial Performance - Following the IPO, Lineage's stock price has significantly declined from an initial price of $78 per share to approximately $40 per share, indicating a drop of nearly 50% [5]. - In its fiscal Q4 2024 results announced on February 26, 2025, Lineage reported that customers were "unwinding" excess inventory, returning to a more normal seasonal pattern, which is expected to continue [5].
Class Action Filed Against Lineage, Inc. (LINE) - September 30, 2025 Deadline to Join - Contact The Gross Law Firm
Prnewswire· 2025-08-18 12:45
Core Viewpoint - The lawsuit against Lineage, Inc. alleges that the company misled investors regarding its financial health and operational performance during the class period surrounding its IPO on July 26, 2024 [2]. Allegations - The complaint claims that Lineage experienced a significant decline in customer demand due to increased cold-storage supply and a shift in customer inventory strategies post-COVID-19 [2]. - It is alleged that the company raised prices prior to the IPO, which could not be sustained amid weakening demand [2]. - Lineage reportedly failed to mitigate adverse trends through operational efficiencies or competitive advantages, leading to stagnant or declining revenue, occupancy rates, and rent prices [2]. - The financial results and business prospects of Lineage were materially impaired as a result of these issues [2]. Class Action Details - Shareholders who purchased Lineage shares during the specified class period are encouraged to register for the class action by September 30, 2025 [3]. - Registration allows shareholders to receive updates on the case and does not incur any costs or obligations [3]. Law Firm Information - The Gross Law Firm is recognized for its commitment to protecting investors' rights and addressing corporate misconduct [4].
LINE Investors Have Opportunity to Lead Lineage, Inc. Securities Lawsuit
Prnewswire· 2025-08-17 15:41
Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of common stock of Lineage, Inc. related to its July 2024 IPO, alleging that the registration statement was misleading and failed to disclose critical information about the company's financial health and market conditions [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Lineage was experiencing a decline in customer demand due to increased cold-storage supply and destocking of excessive inventory from the COVID-19 pandemic [5]. - It is alleged that Lineage implemented unsustainable price increases prior to the IPO, which could not be maintained in the face of weakening demand [5]. - The lawsuit states that Lineage was unable to counteract adverse trends through operational efficiencies or competitive advantages, leading to stagnant or falling revenue, occupancy rates, and rent prices [5]. Group 2: Investor Information - Investors who purchased Lineage common stock may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, investors can visit the provided link or contact the law firm for more information [3][6]. - A lead plaintiff must move the Court by September 30, 2025, to represent other class members in the litigation [1][3]. Group 3: Rosen Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].