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LINEAGE ALERT: Lose Money on Your Lineage, Inc. (NASDAQ:LINE) Investment? Contact BFA Law about the Pending Securities Class Action
Globenewswire· 2025-09-28 11:05
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 - Investors have until September 30, 2025, to request to lead the case, which is based on claims under Sections 11 and 15 of the Securities Act of 1933 [2]. - 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. [2]. 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]. Group 3: Allegations and Financial Performance - The IPO documents claimed strong cash flows due to consistent cold chain demand, suggesting resilience during economic stress, while the reality indicated a downturn as customers destocked excess inventory from the pandemic [4]. - 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].
LINE LAWSUIT ALERT: Lineage, Inc. is Being Sued for Securities Violations after Downturn Leads to 17% Stock Drop – Investors Urged to Contact BFA
Globenewswire· 2025-09-24 12:46
Core Viewpoint - A lawsuit has been filed against Lineage, Inc. and its senior executives for potential violations of federal securities laws, particularly related to its IPO performance and subsequent financial disclosures [1][2]. Company Overview - Lineage, Inc. is a cold storage-focused real estate investment trust (REIT) that operates temperature-controlled storage facilities for food and other 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 reduced excess inventory accumulated during the COVID-19 pandemic and shifted to leaner inventory practices [4]. Financial Performance - Following its 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 "unwinding" previously overbuilt inventory levels, returning to a more normal seasonal pattern [5].
INVESTOR CLASS ACTION: Lineage, Inc. Investors are Reminded of the Ongoing Securities Lawsuit after Stock Plummeted 17% -- Contact BFA Law
Globenewswire· 2025-09-20 11:36
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 July 25, 2024, are encouraged to seek additional information and may have legal options [2][6]. 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 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 reducing excess inventory, returning to a more normal seasonal pattern [5].
LINEAGE NOTICE: BFA Law Notifies Lineage, Inc. Investors of the Pending Securities Class Action – Contact BFA Law if You Lost Money (NASDAQ:LINE)
GlobeNewswire News Room· 2025-08-31 10:36
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 reduced excess inventory accumulated during the COVID-19 pandemic [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 more normal inventory levels, which was expected to continue [5].
LINE CLASS REMINDER: Suffer Losses on Your Lineage, Inc. Investment? Contact BFA Law before the September 30 Court Deadline (NASDAQ:LINE)
GlobeNewswire News Room· 2025-08-23 11:08
Core Viewpoint - A lawsuit has been filed against Lineage, Inc. and its senior executives for potential violations of federal securities laws, particularly related to misleading statements made during its IPO [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 its 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].