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Class Action Lawsuit Against Lineage, Inc.

Investors who experienced financial losses from their dealings with Lineage, Inc. (NASDAQ: LINE) can now take action. A class action lawsuit has been initiated by Levi & Korsinsky, LLP, aimed at recovering funds for shareholders adversely impacted by alleged fraudulent activities.

Understanding the Class Action

The lawsuit seeks to represent all individuals who purchased Lineage common stock during or related to the registration statement tied to the company’s initial public offering (IPO) on July 26, 2024. The crux of the allegation lies in claims of misrepresentation and omissions regarding the company’s financial health and business operations leading up to and following the IPO.

Allegations of Securities Fraud

The complaint details a series of assertions indicating that Lineage was experiencing a significant downturn in demand from customers. Key allegations include:

• - Customer Demand: The company faced a notable drop in customer interest due to a surplus of cold-storage capacity emerging in the market, leading customers to reduce their inventory levels. This adjustment was a direct result of changing consumer behavior that followed the COVID-19 pandemic.
• - Sustained Price Increases: Price hikes instituted prior to the IPO were unsustainable against the backdrop of dwindling customer demand. This has raised concerns over the company's long-term viability.
• - Misleading Business Performance: Contrary to statements made in the registration statement, investors allege that Lineage did not experience the stable revenue growth and high occupancy rates that were promised. Instead, the company faced stagnation or decline in key financial metrics, such as revenue and occupancy rates.
• - Lack of Operational Countermeasures: It is claimed that attempts to mitigate these adverse trends through operational improvements and market advantages were ineffective, leading to a broader impact on Lineage's financial results and business outlook.

Next Steps for Affected Investors

For shareholders who suffered losses during the described period, it is crucial to act promptly. Interested parties have until September 30, 2025, to apply for lead plaintiff status in this class action. However, participating in the recovery of funds does not mandate serving as a lead plaintiff.

No Cost Involved

Class action participation is primarily risk-free for members. If you are considered a part of this group, you may be eligible for compensation without incurring any fees or out-of-pocket costs. There are no financial obligations or hidden charges to engage in this lawsuit.

Why Choose Levi & Korsinsky?

For over two decades, Levi & Korsinsky has established itself as a formidable player in securities litigation. Their history reflects a consistent track record of securing substantial settlements and litigating against major corporations. The firm employs a seasoned team dedicated to advocating for investors who have faced injustices in the market.

How to Contact Levi & Korsinsky

Investors concerned about their potential claims can reach out to the attorneys involved in the case:

• - Contact: Joseph E. Levi, Esq.
• - Email: [email protected]
• - Telephone: (212) 363-7500
• - Address: 33 Whitehall Street, 17th Floor, New York, NY 10004

For a more detailed understanding and to participate in the class action, you can visit Levi & Korsinsky's website.

Conclusion

This class action lawsuit sheds light on critical issues surrounding Lineage, Inc. and its operational conduct leading to investor losses. For individuals impacted by the alleged securities fraud, engaging with this class action may offer a means to recover losses and pursue justice effectively.