Robbins Geller Rudman & Dowd LLP Files Class Action Alert For Lineage, Inc. Investors to Seek Lead Role

Robbins Geller Rudman & Dowd LLP Initiates Class Action Suit Against Lineage, Inc.

On August 13, 2025, Robbins Geller Rudman & Dowd LLP announced the filing of a class action lawsuit concerning Lineage, Inc. (NASDAQ: LINE). This has opened a critical opportunity for those who purchased shares in connection with Lineage's July 2024 initial public offering. Investors who experienced financial losses and wish to take part in the legal proceedings as lead plaintiffs must submit their applications by September 30, 2025.

Overview of the Class Action Lawsuit

The case is officially titled City of St. Clair Shores Police and Fire Retirement System v. Lineage, Inc., filing number 25-cv-12383 (E.D. Mich.). The lawsuit claims that Lineage, along with several of its executives, failed to disclose crucial information during the IPO process which misled investors regarding the actual financial health and operational standing of the company.

As a Maryland-based Real Estate Investment Trust (REIT), Lineage specializes in temperature-controlled cold-storage facilities. During its IPO, the company marketed over 65 million shares at a price of $78, successfully raising over $5 billion. However, the lawsuit alleges that shortly before and after this event, significant weaknesses emerged in the company’s market position that were not communicated transparently to potential investors.

Allegations Against Lineage, Inc.

According to the filing, Lineage was grappling with several challenges that were known to the company's management yet not revealed in the IPO's registration statement. Key allegations include:

1. Decreased Customer Demand: The cold storage sector witnessed decreases in demand as new competitors entered the market and existing customers reevaluated their inventory practices post-COVID-19 pandemic.
2. Unstable Pricing Strategy: Price hikes implemented prior to the IPO could not be maintained amidst falling demand, resulting in a mismatch between projected and actual revenue growth.
3. Eroding Financial Metrics: Instead of experiencing steady growth and robust occupancy rates, Lineage has encountered declining revenues, plunging occupancy figures, and unsustainable rental prices regarding their services.

These factors led to a steep decline in share price, which has dropped to approximately $40, with a visible lag from its original IPO value.

The Path to Becoming a Lead Plaintiff

In accordance with the Private Securities Litigation Reform Act of 1995, any investor who purchased Lineage's stock in relation to the IPO can position themselves as lead plaintiff in the class action. The lead plaintiff, ideally an individual with the most significant financial stake in the case, will advocate for the collective interests of the class.

The role necessitates selecting a law firm to act on their behalf, emphasizing that participation as lead plaintiff does not affect eligibility for any potential recovery.

About Robbins Geller Rudman & Dowd LLP

Robbins Geller is a well-respected law firm specializing in representing investors in cases of securities fraud and shareholder litigation. Recognized for its success in achieving substantial recoveries for affected investors, Robbins Geller achieved a historic milestone by recovering over $2.5 billion in just the previous year. They boast a dedicated team of over 200 lawyers across 10 offices, showcasing a formidable presence in investor litigation worldwide.

For investors harmed by Lineage, this lawsuit presents a critical juncture for accountability and potential recovery. Interested parties are encouraged to review their eligibility and get in touch with the attorneys at Robbins Geller to explore their options moving forward.

For more detailed information about the class action and how to participate, or to view the complaint, prospective lead plaintiffs can visit the Robbins Geller website.

Contact Information

For inquiries, investors can connect with attorneys J.C. Sanchez or Jennifer N. Caringal at Robbins Geller by calling 800-449-4900 or e-mailing [email protected]