#USA #New York #Inc. #Securities Class Action #Wolf Haldenstein #Lineage

Legal Action Announced for Lineage, Inc. Shareholders

In a crucial development for investors who faced losses in the shares of Lineage, Inc. (NASDAQ: LINE), Wolf Haldenstein Adler Freeman & Herz LLP has initiated a securities class action lawsuit in the U.S. District Court for the Eastern District of Michigan. This legal action aims to represent shareholders who acquired shares during the company's Initial Public Offering (IPO).

Key Allegations of Misrepresentation

The lawsuit asserts that the Registration Statement associated with Lineage's IPO, which took effect on July 24, 2024, was fraught with material misrepresentations. Among the critical claims made in the lawsuit are that Lineage:

• - Misrepresented the actual state of its business and the prevailing industry trends.
• - Wrongly stated that the demand for cold storage had surged due to COVID-19, projecting a favorable long-term impact on the company.
• - Concealed the reality of an ongoing downturn in its operations, particularly as customers pivoted from the excessive inventory accumulated during the pandemic.

Market Dynamics Affecting Lineage

The legal documents reveal further insights indicating that there was a widespread transition among customers towards maintaining leaner inventory levels. This shift, compounded by an increase in overall cold storage capacity, adversely affected occupancy rates and diminished pricing power for Lineage. The firm allegedly imposed price hikes that proved to be unsustainable in the long term.

Impact on Investors

Consequently, investors have seen a staggering decline in Lineage's stock prices, with the value plunging approximately 50% since its IPO. As of now, the shares are hovering near $40, down substantially from their original IPO price.

Important Legal Deadlines

For those wishing to take part in this class action, the deadline for seeking appointment as the lead plaintiff is fast approaching on September 30, 2025. It’s essential for affected investors to act swiftly in order to protect their rights and interests in this matter.

Why Choose Wolf Haldenstein?

With a rich history dating back to 1888, Wolf Haldenstein is committed to pursuing justice for investors who have suffered financial setbacks due to misleading statements made by companies. The firm brings over 125 years of legal expertise in securities litigation to the case, underscoring their dedication to defending investors' rights against malpractice in the financial sector.

If you are an investor adversely impacted by Lineage's actions or possess information that could aid in the ongoing investigations, you are strongly encouraged to reach out to Wolf Haldenstein.

Contact Information

For further inquiries:

• - Phone: (800) 575-0735 or (212) 545-4774
• - Email: [email protected]
• - Contact Person: Gregory Stone, Director of Case and Financial Analysis

Firm Website: Wolf Haldenstein
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