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Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Lineage, Inc. (LINE) Shareholders
Globenewswire· 2025-09-25 20:40
Core Viewpoint - A class action securities lawsuit has been filed against Lineage, Inc. alleging securities fraud related to its initial public offering (IPO) on July 26, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who purchased Lineage common stock in connection with the IPO [2]. - The complaint alleges that Lineage made false statements regarding its financial health, including claims of stable revenue growth and high occupancy rates, which were not reflective of the actual stagnant or declining performance [3]. Group 2: Allegations Against Lineage - The lawsuit claims that Lineage was experiencing a decline in customer demand due to increased cold-storage supply and a shift in customer inventory management 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 purportedly failed to counteract adverse trends through operational efficiencies or competitive advantages, leading to materially impaired financial results and business operations [3]. Group 3: Next Steps for Investors - Investors who suffered losses during the relevant timeframe have until September 30, 2025, to request appointment as lead plaintiff in the lawsuit [4]. - Participation in the lawsuit does not require any out-of-pocket costs for class members [4]. Group 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].
Shareholders that lost money on Lineage, Inc.(LINE) should contact Levi & Korsinsky about pending Class Action - LINE
Prnewswire· 2025-09-02 12:45
Core Viewpoint - A class action securities lawsuit has been filed against Lineage, Inc. due to alleged securities fraud affecting investors who purchased shares during the company's initial public offering on July 26, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors adversely affected by alleged false statements made by the company regarding its financial health and operational performance [2]. - Allegations include that Lineage was experiencing a decline in customer demand, leading to destocking of excessive inventory and a shift to leaner cold-storage inventories [3]. - The complaint states that Lineage had implemented unsustainable price increases prior to the IPO, which could not be maintained due to weakening demand [3]. - It is claimed that the company was unable to counteract adverse trends through operational efficiencies or competitive advantages, resulting in stagnant or falling revenue, occupancy rates, and rent prices [3]. Group 2: Next Steps for Investors - Investors who suffered losses during the relevant time frame have until September 30, 2025, to request appointment as lead plaintiff in the lawsuit [4]. - Participation in the lawsuit does not require any out-of-pocket costs or fees for class members [4]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [5]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [5].
ROSEN, GLOBAL INVESTOR RIGHTS COUNSEL, Encourages Lineage, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – LINE
GlobeNewswire News Room· 2025-08-29 17:00
Core Viewpoint - Rosen Law Firm is reminding investors of Lineage, Inc. about the September 30, 2025 deadline to join a class action lawsuit related to the company's IPO in July 2024 [1][2]. Group 1: Class Action Details - Investors who purchased Lineage common stock may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by September 30, 2025 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Case Allegations - The lawsuit alleges that the registration statement for Lineage's IPO was misleading, failing to disclose significant issues such as weakening customer demand and inventory destocking [5]. - It is claimed that Lineage implemented unsustainable price increases prior to the IPO and could not counteract adverse market trends [5]. - The lawsuit asserts that instead of stable revenue growth, Lineage experienced stagnant or declining revenue, occupancy rates, and rent prices, materially impairing its financial results and business operations [5].
The Gross Law Firm Notifies Lineage, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline – LINE
GlobeNewswire News Room· 2025-08-15 20:06
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][4]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit includes all purchasers of Lineage common stock in connection with the company's IPO on July 26, 2024 [3]. - Allegations include that Lineage experienced a decline in customer demand due to increased cold-storage supply and destocking of excess inventory from the COVID-19 pandemic [4]. - It is claimed that Lineage raised prices prior to the IPO, which could not be sustained amid 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]. - Overall, Lineage's financial results and business prospects were allegedly materially impaired as a result of these issues [4]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by September 30, 2025, to participate in potential recovery [5]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [5]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices [6].