A securities class action has been filed against Lineage, Inc. (LINE) on behalf of all persons or entities that purchased or otherwise acquired Lineage common stock pursuant and/or traceable to the Offering Documents issued in connection with the IPO, between july 25, 2024 through november 6, 2025. This case has been filed in the USDC – EDMI.
According to the filed complaint, Lineage’s July 2024 IPO registration statement was false and/or misleading and/or failed to disclose weakening customer demand and increasing cold-storage supply, which led to a significant stock price drop and investor losses. Since the IPO, the price of Lineage stock has fallen to lows near $40 per share, almost half of its IPO price of $78 per share.