#United States #New York #Class Action #Gross Law Firm #IIPR

Important Notice for Innovative Industrial Properties, Inc. Shareholders

In a recent announcement, The Gross Law Firm has alerted shareholders of Innovative Industrial Properties, Inc. (NYSE: IIPR) regarding a forthcoming class action lawsuit that may provide them with an opportunity for recovery if they experienced financial losses while investing in the company. This action is particularly relevant for shareholders who purchased IIPR shares between February 27, 2024, and December 19, 2024.

Background of the Class Action

The allegations in this pending lawsuit claim that during the specified period, the executives and representatives of IIPR knowingly issued misleading statements that directly resulted in significant financial losses for investors. Specific points raised in the complaint include:
1. Declining Revenues: Defendants failed to disclose significant declines in rent and property-management fees associated with certain customer leases, which adversely impacted the company’s financial standing.
2. Impairment of Operations: The inability to maintain efficient funds from operations and revenue growth was misrepresented, leading investors to believe that IIPR's leasing operations were more successful than they were in reality.
3. False Public Statements: Company public statements during the class period were materially misleading, creating an inflated view of the company's profitability and growth potential.

Registration for the Class Action

Shareholders who believe they might qualify for the class action are encouraged to reach out to The Gross Law Firm before the registration deadline of March 18, 2025. By registering, investors can gain several benefits:

• - Monitoring Updates: Enrolling will automatically include shareholders in a portfolio monitoring service, allowing them to receive real-time updates concerning the progression of the case.
• - Lead Plaintiff Information: While being appointed as a lead plaintiff can enhance visibility in the case, it is not a prerequisite for participating in any recovery efforts.

The Gross Law Firm emphasizes that there are no costs or obligations tied to registering for this lawsuit, making it accessible for all affected investors.

Why Choose The Gross Law Firm?

The Gross Law Firm has built a strong reputation as a national class action law firm dedicated to protecting the rights of investors. Their mission is oriented around challenging fraudulent business practices and advocating for responsible corporate behavior.

The firm represents a community of investors who have suffered from deceitful practices and ensures accountability for companies that disseminate false information or conceal critical data impacting stock value.

Next Steps

In the wake of these allegations and the impending class action, IIPR shareholders should act promptly to safeguard their financial interests. For those wishing to register or inquire further, please reach out to The Gross Law Firm via the following channels:

• - Contact Information:

- Phone: (646) 453-8903
- Email: [email protected]

• - Online Registration: Interested shareholders can easily register at this link.

Shareholders should not underestimate the importance of this opportunity. Acting quickly could be crucial in facilitating potential recovery from losses sustained during the class period.

Conclusion

The Gross Law Firm’s notice serves as a critical call to action for shareholders of Innovative Industrial Properties, Inc. As developments unfold within this ongoing case, affected investors are urged to stay informed and seize their rightful opportunity for recovery.