Industrial

Chicago Poised to Redefine Industrial Impact with Pioneering Ordinance Aimed at Protecting Vulnerable Communities

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Chicago, IL – Nearly two years after resolving a civil rights complaint that highlighted racial discrimination in its zoning practices, Chicago is on the brink of adopting transformative legislation aimed at preventing polluting industries from adversely affecting low-income communities of color. The proposed ordinance, which could redefine industrial zoning laws in the nation’s third-largest city, is scheduled for consideration by city leaders this Wednesday. The initiative seeks to introduce a robust framework for evaluating the cumulative environmental impact on neighborhoods prior to the approval of new industrial ventures. This move comes in response to national … Read more

Innovative Industrial Properties Faces Securities Fraud Suit; Investors Urged to Step Forward as Lead Plaintiffs

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San Diego, California – Shareholders of Innovative Industrial Properties, Inc. (IIPR) are presented with a critical deadline as the opportunity to serve as lead plaintiff in a securities fraud class-action lawsuit emerges. This legal action targets allegations surrounding the company’s potential violations of federal securities laws, particularly concerning public statements that may have misled investors. Innovative Industrial Properties, a noted real estate investment trust specializing in the acquisition, ownership, and management of industrial facilities leased to experienced state-licensed operators for regulated cannabis cultivation, is now under scrutiny. The lawsuit claims that certain public statements made … Read more

Investors Alert: Class Action Lawsuit Targets Innovative Industrial Properties Over Alleged Securities Fraud

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NEW YORK — Levi & Korsinsky, LLP, a renowned legal firm, has announced a class action securities lawsuit on behalf of shareholders of Innovative Industrial Properties, Inc. (IIPR). The lawsuit pertains to individuals who invested in the company and may have experienced financial losses due to purported securities fraud during a specified period last year. The lawsuit targets claims that were made between February 27, 2024, and December 19, 2024, alleging that Innovative Industrial Properties failed to disclose material adverse facts about its business operations, specifically in its leasing operations. The legal complaint accuses the … Read more

Investors Seek Justice in New Class Action Lawsuit Against Innovative Industrial Properties

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SAN DIEGO — Legal firm Johnson Fistel, LLP has initiated a class action lawsuit against Innovative Industrial Properties, Inc. (IIPR) representing investors who claim to have suffered financial losses due to the company’s alleged misleading statements and omissions. The lawsuit applies to securities acquired between February 27, 2024, and December 19, 2024. Affected investors are encouraged to seek lead plaintiff status by March 18, 2025. The claim centers on accusations that throughout the specified period, Innovative Industrial Properties issued deceptive statements about its financial health and business operations. Specifically, the lawsuit alleges that the company … Read more