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Investor Alert: Class Action Lawsuit Against Lineage, Inc.

Robbins Geller Rudman & Dowd LLP has announced that investors who purchased Lineage, Inc. (NASDAQ: LINE) common stock during or traceable to its initial public offering (IPO) in July 2024 have the opportunity to lead a class action lawsuit. This lawsuit, officially titled City of St. Clair Shores Police and Fire Retirement System v. Lineage, Inc., aims to address substantial losses incurred by investors.

Key Details of the Case

The deadline to seek appointment as lead plaintiff is September 30, 2025. Lineage, a Maryland-based Real Estate Investment Trust (REIT) focusing on temperature-controlled cold-storage facilities, raised over $5 billion through its IPO by selling more than 65 million shares at a price of $78 each.

However, the class action lawsuit alleges that the registration statement concerning the IPO was misleading and failed to disclose significant issues impacting the company’s performance. These allegations include:

• - Weakening Customer Demand: It was reported that Lineage experienced a decline in customer demand as new cold-storage supply became available, leading customers to destock excess inventory accumulated during the COVID-19 pandemic.
• - Unsustainable Price Increases: Reports suggest that Lineage raised prices prior to the IPO, which could not be justified in the face of declining demand.
• - Inability to Counteract Adverse Trends: The lawsuit claims Lineage failed to mitigate these negative trends through operational efficiencies or technological improvements.
• - Falling Revenue and Occupancy Rates: Contrary to the assertions made during the IPO, Lineage's revenue, occupancy rates, and rent prices reportedly stagnated or fell.

As a result of these developments, Lineage’s stock price has plummeted to approximately $40, significantly lower than its IPO price, adversely affecting investors’ holdings.

The Lead Plaintiff Process

The Private Securities Litigation Reform Act of 1995 allows investors affected by such incidents to appoint a lead plaintiff, who will act on behalf of all class members. The lead plaintiff must have the greatest financial interest in the claims presented and a typical representative of the class. Importantly, an investor’s eligibility to share in any potential recovery does not require their role as the lead plaintiff.

Robbins Geller's Role

Robbins Geller has a well-established track record in prosecuting investor class actions related to financial fraud, ranking as the leading law firm in securing monetary relief for investors. In 2024 alone, they successfully recovered over $2.5 billion for clients in securities-related class action cases, making them a formidable advocate for those affected by the Lineage situation.

Getting Involved

Investors who have suffered substantial losses and wish to explore their options regarding the class action lawsuit are encouraged to begin the process by providing their information through the law firm’s website. Interested parties can also reach out directly to attorneys J.C. Sanchez or Jennifer N. Caringal at Robbins Geller for further information.

For more details, please visit: Robbins Geller Class Action Lead Plaintiff Procedure

This situation underscores the importance of remaining vigilant and informed as an investor, especially during the tumultuous times surrounding IPOs and market fluctuations. The outcome of this lawsuit may set a precedent for how investor protections are managed in the future, ensuring that corporate claims maintain accountability to shareholders.