#United States #New York #Class Action #Gross Law Firm #Lineage Inc

Class Action Lawsuit Notification for Lineage, Inc. Investors

In a significant development for investors of Lineage, Inc. (NASDAQ: LINE), the Gross Law Firm has put out an urgent notification regarding a class action lawsuit that could impact many shareholders. This notice concerns investors who purchased shares of Lineage within the specified class period around the company's July 26, 2024, Initial Public Offering (IPO).

About the Class Action

The lawsuit alleges various issues that have arisen in the business practices of Lineage, indicating that shareholders may have been misled regarding the company's performance and operational metrics. The complaint asserts that during this time frame, Lineage released statements that were materially false and misleading. Specifically, it is claimed that:

• - Weakening Demand: The company experienced a sustained decrease in customer demand, stemming from additional cold-storage supply entering the market. Consequently, customers began destocking excess inventory formed during the COVID-19 pandemic and opted to maintain leaner inventories.
• - Unviable Price Increases: Ahead of the IPO, Lineage raised prices that could not be sustained due to the prevailing weak demand. This was set against a backdrop of slowing growth rates that the company had previously touted.
• - Inability to Counteract Trends: Lineage was reportedly unable to effectively combat these adverse trends despite its claims of operational efficiencies and supposed advantages over its competitors.
• - Misrepresentation of Performance: Instead of the anticipated stable revenue growth and high occupancy rates, evidence suggests that the company's revenue was stagnant or declining, along with a drop in occupancy rates and rental prices.

These points raised in the lawsuit indicate a severe misalignment between the expectations set forth by the company and the actual financial and operating landscape that shareholders were subjected to. In light of these allegations, the lawsuit seeks to hold Lineage accountable for the negative implications faced by its investors.

Important Deadlines

Investors are urged not to wait to register for this class action. The deadline to register and express interest in potentially becoming a lead plaintiff is September 30, 2025. Participants in the class action have the opportunity to recover damages resulting from the alleged misstatement and misleading information.

Next Steps for Shareholders

Once enrolled as a shareholder who purchased shares during the specified time frame, investors will gain access to a monitoring portfolio that will keep them updated on the case's progress. This is an opportunity for affected investors to ensure they are informed every step of the way. Whether or not individuals decide to pursue leadership roles in the case, participation is open and free of obligations.

Why Choose Gross Law Firm?

The Gross Law Firm is known nationally as a leader in class action lawsuits and is dedicated to safeguarding investors' rights. The firm strives to provide justice for those who have lost due to fraud, deceit, or malpractice by organizations like Lineage. Their mission embodies advocacy for responsible corporate behavior and the protection of investor interests.

If you believe you have been impacted by the actions of Lineage, you are encouraged to contact the Gross Law Firm at their address in New York City or reach out via email. Representation in cases like these helps not just individual investors but also contributes to greater corporate accountability.

Contact Information:

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

Investors must take immediate action to protect their rights and interests in this unfolding lawsuit against Lineage, Inc.