Industrial

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

Texas Refinery Faces Federal Charges for Allegedly Polluting LA Waterways with Industrial Waste

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Los Angeles, California — A Texas-based oil refinery, Phillips 66, is under legal scrutiny following allegations of dumping excessive industrial wastewater into the municipal sewer system of Los Angeles County, an act that could have severe environmental repercussions. A federal grand jury in Los Angeles has indicted Phillips 66, charging that the company violated the Clean Water Act by releasing hundreds of thousands of gallons of wastewater that far exceeded legal limits. In one instance in November 2020, the Carson refinery is accused of discharging 310,000 gallons of wastewater containing an alarming 64,000 pounds of … Read more

Auto Progresso Industrial Lusitânia Joins Forces with Royse, Marking a Striking Expansion in the Portuguese Market

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Lisbon, Portugal – In a significant expansion move, Rodamientos y Servicios, commonly known as Royse, has acquired the entire business of Auto Progresso Industrial Lusitânia (April), a company specialized in mechanical and electromechanical transmissions. Following the acquisition, the company will be rebranded as April Royse Unipessoal LDA. This deal was facilitated by Abreu Advogados, a law firm with expertise in corporate transactions. April, established in 1986 in Sacavém, a suburb of Lisbon, has been a prominent player in the Portuguese market, offering products like chains, transmission belts, couplings, and conveyor parts. It serves a broad … Read more