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LINE Deadline: Rosen Law Firm Urges Lineage, Inc. (NASDAQ: LINE) Investors with Losses in Excess of $100K to Contact the Firm for Information About Their Rights
Rosen Law Firm, a global investor rights law firm, reminds investors that a shareholder filed a c...
About this update from Linear Minerals Corp.
[{"type":"text","content":"LINE Deadline: Rosen Law Firm Urges Lineage, Inc. (NASDAQ: LINE) Investors with Losses in Excess of $100K to Contact the Firm for Information About Their Rights\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n Rosen Law Firm, a global investor rights law firm, reminds investors that a shareholder filed a class action lawsuit on behalf of purchasers of Lineage, Inc. (NASDAQ: LINE) common stock pursuant and/or traceable to the registration statement issued in connection with Lineage’s July 2024 initial public offering (the “IPO”). Lineage is a cold storage focused real estate investment trust (“REIT”).\n \n\n For more information, submit a\n \n form\n \n ,\n \n email\n \n attorney Phillip Kim, or give us a call at 866-767-3653.\n \n\n The Allegations: Rosen Law Firm is Investigating the Allegations that Lineage, Inc. (NASDAQ: LINE) Misled Investors Regarding its Business Operations.\n \n\n According to the lawsuit, the registration statement was false and/or misleading and/or failed to disclose that: (1) Lineage was then experiencing sustained weakening in customer demand, as additional cold-storage supply had come on line, Lineage’s customers destocked a glut of excessive inventory built up during the COVID-19 pandemic, and Lineage’s customers shifted to maintaining leaner cold-storage inventories on a go-forward basis in response to changed consumer trends; (2) Lineage had implemented price increases in the lead-up to the IPO that could not be sustained in light of the weakening demand environment facing Lineage; (3) Lineage was unable to effectively counteract the adverse trends listed above through the use of minimum storage guarantees or as a result of operational efficiencies, technological improvements, or its purported competitive advantages; (4) as a result, rather than enjoying stable revenue growth, high occupancy rates, and steady rent escalation as represented in the registration statement, Lineage was in fact suffering from stagnant or falling revenue, occupancy rates, and rent prices; and (5) consequently, Lineage’s financial results, business operations, and prospects were materially impaired. When the true details entered the market, the lawsuit claims that investors suffered damages.\n \n\n What Now: You may be eligible to parti...