Security Investigation
Lineage, Inc. (NasdaqGS: LINE)
42 Days left to seek lead plaintiff status.
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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 30, 2025 to file lead plaintiff applications in a securities class action lawsuit against Lineage, Inc. (NasdaqGS: LINE), if they purchased the Company’s shares pursuant and/or traceable to the Company’s July 2024 initial public offering (the “IPO”).
Lineage and certain of its executives and others are charged with failing to disclose material information in its IPO Registration Statement and Prospectus (collectively, the “Offering Documents”), violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that the lingering effects of the COVID-19 pandemic had “accelerated trends that had a marked short-term impact on cold storage demand and have the potential to be growth engines for the industry in coming years” after the IPO; however, in truth, the Company was experiencing a sustained downturn, as its customers not only destocked excessive inventory built up during the COVID-19 pandemic, but also shifted to the maintenance of leaner inventories on a go-forward basis and as more cold-storage supply came on line, with Lineage suffering particularly negative effects in terms of occupancy rates and pricing power due to its recent imposition of unsustainable price increases amongst its customer base.
If you purchased shares of Lineage as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.
The case is City of St. Clair Shores Police and Fire Retirement System v. Lineage, Inc., et al., No. 25-cv-12383.