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NASDAQ: LINE Lawsuit Alert: Investors who lost money with Lineage, Inc. (NASDAQ: LINE) shares should contact the Shareholders Foundation
Prnewswire· 2025-08-18 15:04
Core Viewpoint - A lawsuit has been filed against Lineage, Inc. for allegedly making false and misleading statements during its July 2024 IPO, particularly regarding its financial health and customer demand [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the registration statement for Lineage's IPO was misleading, failing to disclose 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 Lineage's customers have shifted to maintaining leaner cold-storage inventories, impacting the company's revenue and occupancy rates negatively [2]. - The plaintiff argues that instead of the expected stable revenue growth and high occupancy rates, Lineage is experiencing stagnant or declining revenue, occupancy rates, and rent prices [2]. Group 2: Investor Information - Investors who purchased shares of Lineage, Inc. are encouraged to contact the Shareholders Foundation for information regarding their options related to the lawsuit [1][3].
LINE Investors Have Opportunity to Lead Lineage, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-08-13 01:38
Core Viewpoint - A class action lawsuit has been filed against Lineage, Inc. regarding its July 2024 IPO, alleging that the registration statement was misleading and failed to disclose significant operational challenges faced by the company [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 excess 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 company reportedly failed to counteract adverse trends through operational efficiencies or competitive advantages, leading to stagnant or declining revenue, occupancy rates, and rent prices [5]. Group 2: Investor Information - Investors who purchased Lineage securities may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested investors can join the class action by visiting the provided link or contacting the law firm for more information [3][6]. - A lead plaintiff is needed to represent the class, and interested parties must file by September 30, 2025 [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company at the time [4]. - The firm has consistently ranked highly in securities class action settlements and has recovered hundreds of millions for investors [4].