Cold - storage logistics

Search documents
Shareholders that lost money on Lineage, Inc.(LINE) Urged to Join Class Action โ Contact Levi & Korsinsky to Learn More
GlobeNewswire News Roomยท 2025-09-05 21:02
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 and concealed critical information regarding its financial health and market conditions [3]. Group 2: Allegations Against Lineage - Lineage reportedly faced a decline in customer demand due to increased cold-storage supply and a shift in customer inventory strategies post-COVID-19 [3]. - The company had implemented unsustainable price increases prior to the IPO, which could not be maintained amid weakening demand [3]. - Lineage was unable to counteract adverse trends through operational efficiencies or competitive advantages, leading to stagnant or declining revenue and occupancy rates [3]. - The financial results and business prospects of Lineage were materially impaired as a result of these issues [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 [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 significant recoveries for shareholders over the past 20 years [5].