#United States #New York #Gross Law Firm #Securities Fraud #Innovative Industrial Properties

Class Action Lawsuit Against Innovative Industrial Properties, Inc.

Innovative Industrial Properties, Inc. (IIPR), a prominent real estate investment trust, is currently facing a class action lawsuit concerning alleged securities fraud. The Gross Law Firm has officially notified shareholders about this ongoing action, which allows affected individuals to address their rights and potential claims.

Background of the Case

The lawsuit indicates serious allegations against IIPR, particularly concerning the company’s purportedly misleading statements regarding its financial health. Shareholders who acquired IIPR shares between February 27, 2024, and December 19, 2024, are being encouraged to contact the firm to discuss potential lead plaintiff appointments. Importantly, the appointment as a lead plaintiff is not a requirement for participating in the case's recovery.

Allegations Detailed

The complaint presents several critical allegations:

• - False Statements: IIPR allegedly made materially false and misleading statements about its financial performance.
• - Rent Declines: The company reportedly faced significant declines in rent and property-management fees, which were not disclosed to investors.
• - Revenue Impact: Due to these declines, the company's ability to maintain funds from operations and revenue growth was likely impaired.
• - Profitability Concerns: IIPR's leasing operations have been suggested to be less profitable than claimed, leading to misinformation being presented to investors.

These aspects raise serious concerns about the accuracy and transparency of the information being provided to shareholders, which is particularly pertinent given the critical timelines for registration and participation in the lawsuit.

Next Steps for Shareholders

Shareholders who believe they have been affected should not delay in registering for the class action. The Gross Law Firm is facilitating this process by offering a portfolio monitoring service that will keep participants informed throughout the legal proceedings.

Key Dates

The deadline for shareholders wishing to seek the lead plaintiff position is March 18, 2025. Registration to participate in the ongoing case is encouraged to maximize potential recovery without any associated cost or obligation.

Why Choose The Gross Law Firm?

The Gross Law Firm is recognized nationwide for its dedication to investor rights, specifically those who have suffered due to fraudulent business practices. Their objective is to recover losses incurred by investors when misleading statements lead to artificial stock inflation.

This firm's mission also focuses on promoting responsible business practices among companies, ensuring good corporate citizenship. They actively pursue claims for investors affected by such practices, thereby fostering an environment of accountability within the corporate sector.

Contact Information

For shareholders interested in more details or wishing to discuss their cases further, The Gross Law Firm can be reached at:

• - Address: 15 West 38th Street, 12th floor, New York, NY, 10018
• - Email: [email protected]
• - Phone: (646) 453-8903

As the deadline approaches, shareholders of Innovative Industrial Properties, Inc. are urged to take meaningful action to safeguard their investments and participate in this significant lawsuit, which could potentially lead to restitution for the damages incurred during this troubling period.