NEW YORK, Aug. 06, 2025 (GLOBE NEWSWIRE) — 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:
Legal Deadline:
- Investors have until September 30, 2025 to seek appointment as lead plaintiff in the case.
Why Wolf Haldenstein Adler Freeman & Herz LLP?:
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:
Firm Website: Wolf Haldenstein Adler Freeman & Herz LLP
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