Lineage, Inc.

Case Overview
57 Days Left to Seek Lead Plaintiff
Lead Plaintiff Deadline: | Lead Plaintiff Deadline: 09/30/2025 |
Status: | Status: Investigating |
Company Name: | Company Name: Lineage, Inc. |
Court: | Court: Eastern District of Michigan |
Case Number: | Case Number: 2:25cv12383 |
Ticker: | Ticker: LINE |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of Michigan on behalf of those who acquired Lineage, Inc. (“Lineage” or the “Company”) (NASDAQ:LINE) securities in connection with, or traceable to, the Company’s July 2024 initial public offering (“IPO”). Investors who acquired Lineage shares at any time from July 2024 through July 31, 2025 might have claims in connection with this lawsuit. Investors have until September 30, 2025 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The lawsuit alleges that the IPO offering documents were false and/or misleading and/or failed to disclose that: (i) 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; (ii) 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; (iii) 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; and (iv) 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. Since going public in the IPO at $78 per share, the price of Lineage stock has fallen below $42 per share.
The lawsuit alleges that the IPO offering documents were false and/or misleading and/or failed to disclose that: (i) 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; (ii) 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; (iii) 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; and (iv) 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. Since going public in the IPO at $78 per share, the price of Lineage stock has fallen below $42 per share.