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Investor Alert: Join the Lineage, Inc. Class Action

In a critical update for investors, Bronstein, Gewirtz & Grossman, LLC, a prominent law firm, has announced the initiation of a class action lawsuit against Lineage, Inc. This move is specifically aimed at investors who experienced significant financial losses in connection with Lineage's public offering.

Background

Lineage, Inc. went public in July 2024, launching an initial public offering (IPO) that many investors eagerly anticipated. However, the company's subsequent performances did not mirror the optimistic prospects laid out in the registration documents. Investors who purchased shares during this period may now find themselves at risk of suffering considerable financial damage due to the allegations of securities law violations.

The class action suit targets all individuals and entities that acquired Lineage securities based on the registration statement and prospectus connected to the IPO. It claims that the registration statement contained several misleading statements regarding the company’s business prospects and historical financial performance. Investors are urged to review their options and consider joining the lawsuit by visiting bgandg.com/LINE.

Details of the Allegations

The documentation filed with the U.S. Securities and Exchange Commission (SEC) reveals that on June 26, 2024, Lineage conveyed its plan for the IPO. After various amendments, the registration was deemed effective by the SEC on July 24, 2024. Following that, on July 26, a prospectus was presented, which formed part of the registration statement.

However, the complaint now alleges that the initial filings misrepresented Lineage's current financial health, industry standing, and future growth prospects. For instance, while the company declared it had benefitted from escalating trends in cold storage demand resulting from the COVID-19 pandemic, the reality differed significantly. Instead of enjoying a surge in demand, Lineage faced a downturn as clients began depleting excess inventories that had accrued during the pandemic, alongside increasing operational expenses. This ultimately affected their pricing power and occupancy rates.

Current Stock Performance

Since the IPO, Lineage’s stock price has suffered dramatically, costing investors nearly half of their initial investment, with the share price dropping to approximately $40, further compounding the financial issues faced by investors.

Next Steps for Investors

With the class action lawsuit already underway, affected investors are encouraged to act swiftly. Interested parties have until September 30, 2025, to file their claims and seek to be appointed as lead plaintiffs. Importantly, involvement in this class action does not require serving as the lead plaintiff to be eligible for potential financial recovery.

No Upfront Fees

Bronstein, Gewirtz & Grossman operates on a contingency fee basis, advocating for investors with no upfront costs involved in preparing the lawsuit. The firm only receives remuneration if there’s a successful outcome, ensuring that interests align with those of the investors.

Why Choose Bronstein, Gewirtz & Grossman

This firm has established a reputation for representing investors within securities fraud cases and has a history of recovering substantial financial restitution for clients across the nation. Investors are invited to stay updated through social media channels like LinkedIn, X, Facebook, or Instagram.

Contact Information

For those considering taking part in this lawsuit, or if seeking further details regarding the specifics of the complaint, please reach out to Peretz Bronstein or Client Relations Manager Nathan Miller at 332-239-2660 or via email at [email protected]. They are there to provide guidance and support on how to navigate this process effectively, ensuring the best outcomes for investors affected by Lineage, Inc.'s recent challenges.