NEW YORK — A class action lawsuit has emerged against Lineage, Inc., a public company listed on NASDAQ under the ticker symbol LINE, in the United States District Court for the Eastern District of Michigan. The legal action is on behalf of individuals and entities who purchased shares during the company’s initial public offerings (IPOs). The deadline for investors wishing to be appointed as lead plaintiffs in the case is September 30, 2025.
Bragar Eagel & Squire, P.C., a law firm specializing in shareholder rights, announced the filing of the suit, inviting those affected to reach out to partners Brandon Walker or Marion Passmore for consultation. They can be contacted directly at (212) 355-4648.
The lawsuit alleges that the registration documents submitted by Lineage to the Securities and Exchange Commission (SEC) contained significant misrepresentations regarding the company’s business direction and financial performance. According to the complaint, the registration statement conveyed an overly optimistic view of the cold storage market, claiming that lingering effects from the COVID-19 pandemic would spur growth. Contrary to these assertions, the suit contends that Lineage has been enduring a decline in demand, with clients reducing excess stock and transitioning to leaner inventory strategies.
As a consequence of these market pressures, the company has reportedly experienced a decrease in occupancy rates and diminished pricing power. The lawsuit claims that Lineage’s attempt to impose unsustainable price increases has exacerbated its challenges. Since its IPO roughly one year ago, the company’s stock price has plummeted to nearly $40 per share, a drop of about 50% compared to its initial offering.
The legal representatives are encouraging any investors who have suffered losses related to Lineage shares to reach out for more information. Individuals with long-term investments or those seeking clarity regarding their rights and interests are particularly urged to make contact. Initial inquiries to learn more about the claims can be made without any financial obligation.
Bragar Eagel & Squire, with offices in New York, California, and South Carolina, is known for advocating on behalf of individual and institutional investors in complex litigation matters across federal and state jurisdictions. The firm emphasizes its commitment to representing stockholders in various legal scenarios, including cases related to securities and commercial litigation.
For those wishing to follow the ongoing developments in this case or the firm’s updates, they can connect through social media platforms such as LinkedIn, X, and Facebook.
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