Judge Certifies Class Action Against Washington Landlord for Alleged Illegal Lease Practices Affecting Over 700 Properties

A federal judge in Washington has approved a class-action certification for tenants alleging that a landlord managing more than 700 residential properties has included lease terms, such as service fees, that infringe upon state regulations. This decision marks a significant development in the ongoing dispute between tenants and the landlord, who has been accused of imposing illegal charges. The lawsuit, which now represents a broader group of tenants, focuses on several lease clauses that the renters claim are not in compliance with Washington state law. These provisions have reportedly led to financial burdens for tenants, … Read more

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

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

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

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