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Legal Action Alert for Lineage, Inc. Shareholders

In a significant recent legal development affecting shareholders of Lineage, Inc. (NASDAQ: LINE), a securities class action lawsuit has been initiated in the United States District Court for the Eastern District of Michigan. This suit specifically targets investors who acquired shares during the company's Initial Public Offering (IPO), which took place on July 24, 2024. As the situation unfolds, affected shareholders are strongly encouraged to contact Wolf Haldenstein Adler Freeman & Herz LLP to explore their legal options.

Background of the Case

The lawsuit hinges on critical allegations concerning the IPO's registration statement, which purportedly contained several material misrepresentations. Investors claim that the management of Lineage was not forthright about the company's actual business state and the prevailing industry trends at the time of the IPO. The following key allegations have been brought forth:

• - Misrepresentation of Business Conditions: Lineage allegedly embellished the state of its operations, suggesting more favorable conditions than were reality.
• - False Growth Claims Due to COVID-19: The company asserted that the pandemic would drive growth in cold storage demand—a statement that investors say obscured the actual downturn the company was experiencing.
• - Concealment of Inventory Issues: Investors report that Lineage did not inform them about the significant destocking of inventory by customers, which stemmed from adjustments to pandemic-era overstocking dynamics.
• - Unsustainable Pricing Practices: Additionally, it is alleged that Lineage imposed unreasonable price hikes amid declining occupancy rates within the cold storage sector, exacerbating problems with pricing power.

These misrepresentations have had a devastating impact on investors, leading to a dramatic decline in the company's stock price which has plummeted nearly 50%. Originally priced near $40 per share at the time of the IPO, the stock has now faltered significantly lower, triggering concerns and discontent among shareholders.

Important Deadlines and Next Steps

As the legal proceedings get underway, investors impacted by these disclosures are reminded that they have until September 30, 2025, to seek appointment as lead plaintiffs in this case. It’s critical for investors to act swiftly, as participation in the lawsuit may enable them to recover some of their financial losses.

Why Choose Wolf Haldenstein?

Founded in 1888, Wolf Haldenstein Adler Freeman & Herz LLP boasts more than a century of legal expertise in handling securities litigation cases. The firm is recognized for its commitment to securing justice for investors who have faced financial harm rooted in misrepresentation and fraud. With a proven record of defending investors’ rights, the legal team is determined to address the grievances brought by Lineage’s shareholders.

Individuals who have been adversely affected or possess relevant information regarding the circumstances surrounding the IPO are encouraged to reach out to Wolf Haldenstein. Law firm contact details include:

• - Phone: (800) 575-0735 or (212) 545-4774
• - Contact Person: Gregory Stone, Director of Case and Financial Analysis
• - Email: [email protected]

Shareholders are reminded that this release may be seen as Attorney Advertising under applicable laws and ethical regulations.

Conclusion
This unfolding legal situation invites the attention of all stakeholders as the implications for investors keep mounting. With various avenues of recourse available, it is crucial for stakeholders to stay informed and proactive in safeguarding their investments against potential financial misconduct. As proceedings commence, the role of investors in pursuing justice and accountability within the framework of the law will be vital in shaping the outcome of this case.