PR Newswire
SAN DIEGO
, Aug. 18, 2025 /PRNewswire/ — The Shareholders Foundation, Inc. announced that a lawsuit was filed for certain investors in shares of Lineage, Inc. (NASDAQ: LINE) in connection with certain allegedly false and misleading statements made in connection with Lineage’s July 2024 initial public offering (“IPO”).
Investors who purchased shares of Lineage, Inc. (NASDAQ: LINE) have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.
An investor in NASDAQ: LINE shares filed a lawsuit against Lineage, Inc. over alleged securities laws violations. The plaintiff alleged that the registration statement that was filed in connection with Lineage’s July 2024 IPO was false and/or misleading and/or failed to disclose that Lineage, Inc. was then experiencing sustained weakening in customer demand, as additional cold-storage supply had come on line, Lineage’s customers destocked a glut of excessive inventory built up during the COVID-19 pandemic, and Lineage’s customers shifted to maintaining leaner cold-storage inventories on a go-forward basis in response to changed consumer trends, that Lineage, Inc. had implemented price increases in the lead-up to the IPO that could not be sustained in light of the weakening demand environment facing Lineage, that Lineage was unable to effectively counteract the adverse trends listed above through the use of minimum storage guarantees or as a result of operational efficiencies, technological improvements, or its purported competitive advantages, that as a result, rather than enjoying stable revenue growth, high occupancy rates, and steady rent escalation as represented in the registration statement, Lineage, Inc. was in fact suffering from stagnant or falling revenue, occupancy rates, and rent prices, and that consequently, Lineage’s financial results, business operations, and prospects were materially impaired.
Those who purchased shares of Lineage, Inc. (NASDAQ: LINE) should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
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SOURCE Shareholders Foundation, Inc.
