Alexandria Real Estate Investors Urged to Seek Lead Role in Securities Suit Before Jan. 26 Deadline
Plaintiffs say upbeat leasing claims concealed problems that culminated in a $323.9 million charge tied largely to a Long Island City site.
Overview
- New notices from multiple plaintiff firms on December 28–29 invite Alexandria Real Estate investors to move for lead-plaintiff status by January 26, 2026.
- The case covers purchases from January 27, 2025 through October 27, 2025 and is pending in the Central District of California as Hern v. Alexandria Real Estate Equities, Inc., No. 2:25-cv-11319.
- Complaints allege the company made false or misleading statements about leasing activity, occupancy stability, its development tenant pipeline, and the viability of its Long Island City property as a life-science destination.
- On October 27, 2025 the company posted weaker-than-expected results, cut guidance, recorded a $323.9 million impairment with about $206 million tied to the Long Island City asset, warned of potential additional impairments up to $685 million, and the stock fell more than 19% the next day.
- Plaintiffs bring claims under Sections 10(b) and 20(a) and SEC Rule 10b-5, and firms emphasize contingency representation with no class certified to date.