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]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Eastern District of Michigan, with claims under Sections 11 and 15 of the Securities Act of 1933 for investors who purchased stock during the IPO on July 25, 2024 [2]. - Investors have until September 30, 2025, to request to lead the case [2]. Group 2: Company Background - 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 that Lineage had "consistent cold chain demand" and strong cash flows, suggesting resilience during economic stress, while in reality, the company was experiencing a downturn due to customers destocking excess inventory from the COVID-19 pandemic [4]. - Following the IPO, Lineage's stock price fell from an initial $78 per share to approximately $40 per share, indicating a significant decline in market value [5].

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 stock price decline [1][2]. Group 1: Lawsuit Details - The lawsuit is based on claims under Sections 11 and 15 of the Securities Act of 1933, representing investors who purchased stock during Lineage's IPO on July 25, 2024 [2]. - Investors have until September 30, 2025, to request to lead the case, which is currently pending in the U.S. District Court for the Eastern District of Michigan [2]. Group 2: Company Background - Lineage, Inc. operates as a cold storage-focused real estate investment trust (REIT), managing temperature-controlled storage facilities for perishable products [3]. Group 3: IPO and Financial Performance - Lineage's IPO documents claimed strong cash flows due to consistent cold chain demand, suggesting resilience during economic stress [4]. - Contrary to these claims, Lineage faced a downturn as customers destocked excess inventory from the pandemic and shifted to leaner inventories, compounded by increased cold-storage supply [4]. - Following the IPO at $78 per share, Lineage's stock price has plummeted to around $40 per share, nearly a 50% decrease [5].

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, titled City of St. Clair Shores Police and Fire Retirement System v. Lineage, Inc., et al., No. 2:25-cv-12383 [2]. Group 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]. 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 in reality, the company was experiencing a downturn as customers destocked excess inventory from the pandemic [4]. - Following the IPO on July 25, 2024, at $78 per share, Lineage's stock price has significantly declined to around $40 per share, approximately 50% of its IPO price [5].

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 pending in the U.S. District Court for the Eastern District of Michigan [2]. - The lawsuit claims violations under Sections 11 and 15 of the Securities Act of 1933, concerning investors who purchased stock during Lineage's IPO on July 25, 2024 [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 Against Lineage - The IPO documents claimed strong cash flows due to consistent cold chain demand, suggesting resilience during economic stress, while the reality was a downturn as customers destocked excess inventory from the pandemic [4]. - Following the IPO, Lineage's stock price fell from an initial $78 per share to approximately $40 per share, indicating a significant decline in market confidence [5].