#United States #New York #Class Action #Levi Korsinsky #Lineage Inc.

Levi & Korsinsky Reminds Investors of Class Action Lawsuit Against Lineage, Inc.

In a recent announcement, Levi & Korsinsky, LLP has reached out to investors in Lineage, Inc., trading under NASDAQ symbol LINE, regarding a class action securities lawsuit that has the potential to affect numerous shareholders. The firm underscores the importance of the upcoming lead plaintiff deadline set for September 30, 2025. This lawsuit, representing all who purchased Lineage common stock during a specific period, is a response to alleged securities fraud to recover losses suffered by investors.

Understanding the Class Definition

The class action brought to light by Levi & Korsinsky alleges that Lineage, Inc. misrepresented vital information to its investors. Specifically, the lawsuit argues that the defendants concealed several critical issues:

1. Declining Customer Demand: Lineage was supposedly facing a significant decrease in customer demand, exacerbated by an influx of cold-storage supply from competitors. After the COVID-19 pandemic, many customers began to destock excessive inventories, with trends shifting towards maintaining lower storage levels.

2. Unsustainable Price Increases: It is suggested that prior to the IPO in July 2024, Lineage implemented price hikes that could not be justified in the face of declining demand.

3. Operational Inability to Adapt: Despite efforts to utilize minimum storage guarantees, advances in operations, or to leverage competitive advantages, the company was unable to counteract the deteriorating trends.

4. Stagnant Revenue and Occupancy Rates: Contrary to what was claimed during the IPO process, Lineage experienced flat or decreasing revenue, alongside diminished occupancy rates and declining rental prices.

5. Impact on Financial Health: As a result of these inaccuracies, Lineage's financial results and business operations were fundamentally undermined, jeopardizing its prospects in the marketplace.

Next Steps for Affected Shareholders

For individuals who suffered financial losses during the class-period, Levi & Korsinsky states that now is the time to act. Shareholders have until September 30, 2025, to express their intention to seek the role of lead plaintiff in this lawsuit. It is key to note that participating in the recovery process does not necessitate being appointed as a lead plaintiff.

No Financial Risk for Participants

One of the significant benefits presented by the firm is that if you qualify as a class member, you can participate without incurring any personal financial risk. There are no out-of-pocket costs or fees required to join this commitment to hold Lineage accountable. As an aggrieved party, joining this class action could mean eligibility for compensation regarding your incurred losses without the burden of fees.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has a rich history of representing shareholders, having secured hundreds of millions in settlements for clients over the last two decades. Their experience in complex securities litigation is backed by a dedicated team of over 70 professionals focused on delivering results. In fact, the firm has been recognized for seven consecutive years in ISS Securities Class Action Services' Top 50 Report, solidifying their status amongst premier securities litigation firms in the U.S.

Contact Information

For further insights or to pursue your case, affected investors can connect with Joseph E. Levi, Esq. via email at email protected] or by phone at (212) 363-7500. Investors are also encouraged to follow the designated link to obtain more information or express their intent to join the lawsuit: [Join the Lineage Lawsuit.

Conclusion

In summary, as the deadline approaches, it is vital for shareholders of Lineage, Inc. to revisit their positions and understand the implications of this class action. With Levi & Korsinsky at the forefront, there is an opportunity to seek redress for potential grievances stemming from the company's actions leading up to and following its IPO. This case could set a precedent for accountability and shareholder rights in the fast-evolving landscape of securities trading.