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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].