#USA #New York #Class Action #Gross Law Firm #Lineage Inc

Important Class Action Notice for Lineage, Inc. Shareholders

The Gross Law Firm has recently issued a crucial announcement for shareholders of Lineage, Inc. (NASDAQ: LINE). This notification is particularly aimed at those who purchased shares during a specified timeframe related to the company's initial public offering. If you are an investor who acquired shares in Lineage from its IPO on July 26, 2024, it is essential to consider participation in this class action lawsuit before the deadline of September 30, 2025.

Background of the Case

The allegations enclosed in this class action lawsuit assert that during the class period, the defendants made materially false or misleading statements, which were not only deceptive but also resulted in significant losses for shareholders.

Key Allegations:

• - Decreased Demand: The lawsuit claims that Lineage experienced a significant decline in customer demand, primarily due to the shift in inventory strategies amongst customers recovering from the COVID-19 pandemic's inventory surges. The need for excess cold storage diminished as the market adjusted.
• - Unviable Price Increases: It is alleged that the company enforced price increases just before the IPO that were unsustainable in light of the weakening demand.
• - Ineffective Operational Strategies: Contrary to claims made about its operational efficiencies and competitive advantages, Lineage failed to counteract the negative trends affecting its performance, leading to stagnation or decrease in revenue, occupancy rates, and rental prices rather than the predicted growth.
• - Material Impairment of Business Operations: As a result of these factors, the financial stability, operational competency, and future prospects of Lineage have reportedly been materially affected.

Next Steps for Investors

If you purchased shares during the outlined class period, it is crucial for you to take action promptly. By registering for the class action lawsuit with The Gross Law Firm, you will also gain access to portfolio monitoring services. These services will keep you informed about the ongoing status of the case without any incurred costs or obligations.

Contact Information

To ensure that you do not miss this important deadline and secure your rights as a shareholder, visit the provided links or contact The Gross Law Firm directly:

• - Website: Register here
• - Phone: (646) 453-8903
• - Email: [email protected]

Why Choose The Gross Law Firm?

The Gross Law Firm is a highly regarded firm specializing in class action cases, dedicated to defending the rights of investors who have suffered due to deception, fraud, and other illicit business practices. Their mission focuses on holding companies accountable and recovering losses incurred by shareholders due to misleading financial reporting or gaps in corporate honesty.

This announcement serves as a time-sensitive reminder for affected shareholders of Lineage, Inc. 's class action suitability to safeguard their interests before the approaching September deadline.