Business
Deadline Soon: Lineage, Inc. (LINE) Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit
The Law Offices of Frank R. Cruz reminds investors of the upcoming September 30, 2025 deadl...
About this update from Linear Minerals Corp.
[{"type":"text","content":"Deadline Soon: Lineage, Inc. (LINE) Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n\n The Law Offices of Frank R. Cruz\n \n reminds investors of the upcoming\n \n September 30, 2025\n \n deadline to participate as a lead plaintiff in the securities fraud class action lawsuit filed on behalf of investors who acquired Lineage, Inc. (“Lineage” or the “Company”) (NASDAQ:\n \n LINE\n \n ) common stock pursuant and/or traceable to the registration statement used in connection with the Company’s July 2024 initial public offering (the “IPO”).\n \n\n\n IF YOU ARE AN INVESTOR WHO LOST MONEY ON LINEAGE, INC. (LINE), CLICK\n \n\n\n HERE\n \n\n\n TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT.\n \n\n\n\n What Happened?\n \n\n\n In July 2024, Lineage conducted its IPO, selling over 65 million shares of common stock at $78 per share.\n \n\n On November 6, 2024, Lineage released its third quarter 2024 financial results, revealing that it had suffered a $543 million net loss during the quarter. On this news, Lineage’s stock price fell $5.22, or 7.4%, to close at $65.79 per share on November 6, 2024, thereby injuring investors.\n \n\n Then, on January 14, 2025,\n \n The Wall Street Journal\n \n reported that Lineage was laying off employees due to reduced customer demand only six months after its IPO.\n \n\n Then, on April 7, 2025, Lineage announced the dismissal of its auditor, KPMG LLP. On this news, Lineage’s stock price fell $5.29, or 9.9%, over two consecutive trading days, to close at $48.41 per share on April 8, 2025.\n \n\n Then, on April 30, 2025, Lineage reported first quarter 2025 financial results, including that “[t]otal revenue decreased (2.7)%” to $1.29 billion for the quarter. The Company stated it “experienced more normal seasonal trends in the first quarter after multiple years of elevated inventory levels.” On this news, Lineage’s stock price fell $8.16, or 14.62%, to close at $47.65 per share on April 30, 2025, thereby injuring investors further.\n \n\n On June 3, 2025, the Company stated at an Investor Conference that there has been “pretty much flat demand” for Lineage’s...