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LINE INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Lineage, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
NEW YORK, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Gro...
About this update from Linear Minerals Corp.
[{"type":"text","content":"LINE INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Lineage, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit\n\n\n\n NEW YORK, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Lineage, Inc. (“Lineage” or “the Company”) (NASDAQ: LINE) and certain of its officers.\n \n\n\n Class Definition\n \n\n\n This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Lineage securities pursuant to the registration statement and prospectus issued in connection with the Company's July 2024 initial public offering (\"IPO\"). Such investors are encouraged to join this case by visiting the firm’s site:\n \n\n bgandg.com/LINE\n \n\n .\n \n\n\n Case Details\n \n\n\n On June 26, 2024, Lineage filed a registration statement for the IPO on Form S-11 with the SEC which, after amendments, was declared effective on July 24, 2024 (the \"Registration Statement\"). On July 26, 2024, Lineage filed a prospectus for the IPO on Form 424B4 with the SEC, which was incorporated into and formed part of the Registration Statement.\n \n\n The complaint alleges that the Registration Statement contained material misrepresentations about Lineage's business, historical financial results, and the industry trends purportedly facing the Company at the time of the IPO. Specifically, the Registration Statement stated 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. In truth, Lineage was in the midst of a sustained downturn, as the Company's 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....