#USA #New York #Class Action #Gross Law Firm #Lineage Inc

Class Action Lawsuit Filed Against Lineage, Inc. (LINE)

The Gross Law Firm has officially announced the initiation of a class action lawsuit against Lineage, Inc. (NASDAQ: LINE). This legal action affects shareholders who purchased Lineage's common stock during a specified period surrounding the company's initial public offering (IPO) on July 26, 2024. Investors are encouraged to examine their options and may be eligible to join the suit by contacting the firm.

Allegations Overview

According to the complaint, Lineage has allegedly made materially false or misleading statements about its business operations and financial health. The accusations include that:

1. Weakening Demand: The company reportedly experienced a significant decline in customer demand as new cold-storage supplies became available, leading customers to reduce their inventories that had built up during the COVID-19 pandemic.
2. Unsustainable Price Increases: The lawsuit claims that Lineage raised prices prior to the IPO, which were not justifiable given the deteriorating demand, adversely affecting revenue expectations.
3. Operational Ineffectiveness: It is also alleged that the company could not counteract these negative trends through operational efficiencies or competitive advantages.
4. Misrepresentation of Financial Stability: As a result of these factors, contrary to the claims made during the IPO, Lineage was reportedly experiencing stagnant or declining revenues and occupancy rates, which fundamentally impaired the company's financial prospects.

Important Deadlines for Shareholders

Lineage shareholders have a crucial deadline of September 30, 2025 to register for the class action. Interested shareholders should act promptly to ensure their rights are protected. The Gross Law Firm will assist in monitoring the case's progress for registered investors, providing status updates through its well-established portfolio monitoring service.

Next Steps for Participants

By registering, shareholders will then participate in the overall claim without any costs or obligations. However, if they wish to be appointed as a lead plaintiff, they must do so by the aforementioned deadline. This designation entails greater involvement in the case and potential leadership in representing the group of shareholders.

Why Choose the Gross Law Firm?

The Gross Law Firm is renowned for its dedication to safeguarding investors against fraudulent practices and deceptive actions by companies. Its mission revolves around ensuring that companies uphold ethical practices and corporate responsibility. Any investors who have suffered losses due to misleading statements or omissions made by Lineage are advised to contact the firm.

Contact Information

For shareholders interested in taking action, further details can be acquired by reaching out to:

• - Email: [email protected]
• - Phone: (646) 453-8903
• - Address: 15 West 38th Street, 12th floor, New York, NY, 10018

Investors are strongly urged to remain informed about this case, not only to safeguard their individual interests but also to contribute to corporate accountability across the market.