Top-News
Shareholders who lost money in shares of Lineage, Inc. (NASDAQ: LINE) Should Contact Wolf Haldenstein Immediately.
Lead Plaintiff Deadline is September 30th
NEW YORK, Aug. 21, 2025 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of Michigan against Lineage, Inc. (NASDAQ: LINE) on behalf of investors who purchased or acquired shares in the company's Initial Public Offering (IPO).
PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION
Key Allegations:
- The lawsuit alleges that Lineage's Registration Statement for its IPO, declared effective on July 24, 2024, contained material misrepresentations.
- Specifically, the company allegedly:
- Misrepresented the state of its business and industry trends.
- Claimed that COVID-19 had accelerated growth in cold storage demand, which would benefit the company long-term.
- Concealed the fact that it was experiencing a sustained downturn:
- Customers were destocking inventory built during the pandemic.
- There was a market wide shift toward maintaining leaner inventories.
- An increase in overall cold storage supply impacted occupancy rates and pricing power, especially as Lineage had imposed unsustainable price hikes.
Impact on Investors:
- Since the IPO, Lineage's stock price has declined by approximately 50%, now trading near $40 per share, down from its IPO price.
Legal Deadline:
- Investors have until September 30, 2025 to seek appointment as lead plaintiff in the case.
This illustrious firm, founded in 1888, is steadfast in their pursuit of justice for investors who have suffered financial harm due to these misrepresented statements. The law firm brings to the fore over 125 years of legal expertise in securities litigation and has a proven track record of protecting the rights of investors.
We encourage all investors who have been affected or have information that will assist in our investigation, to contact Wolf Haldenstein Adler Freeman & Herz LLP.
Contact:
- Phone: (800) 575-0735 or (212) 545-4774
- Email: classmember@whafh.com
- Contact Person: Gregory Stone, Director of Case and Financial Analysis
Firm Website: Wolf Haldenstein Adler Freeman & Herz LLP
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholders-who-lost-money-in-shares-of-lineage-inc-nasdaq-line-should-contact-wolf-haldenstein-immediately-302535207.html
SOURCE Wolf Haldenstein Adler Freeman & Herz LLP
Für dich aus unserer Redaktion zusammengestellt
Dein Kommentar zum Artikel im Forum
Jetzt anmelden und diskutieren
Registrieren
Login
Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.