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Alexandria Real Estate Sued Over LIC Disclosures as Investor Firms Rally for Lead Plaintiff

Plaintiffs cite an October impairment disclosure that coincided with a sharp one-day stock drop.

Overview

  • A federal securities class action has been filed in the U.S. District Court for the Central District of California alleging violations of Sections 10(b) and 20(a) and Rule 10b-5.
  • The case covers purchases of ARE securities from January 27 through October 27, 2025, with a January 26, 2026 deadline to seek appointment as lead plaintiff.
  • The complaint asserts Alexandria misrepresented leasing momentum, occupancy stability, tenant pipeline and projected 2025 FFO, centering on claims about the Long Island City property and its Megacampus branding.
  • On October 27, 2025 the company reported weaker third-quarter results, cut full-year FFO guidance and booked a $323.9 million impairment including about $206 million tied to LIC, followed by an approximately 19% share-price drop on October 28.
  • DJS Law Group, Bernstein Liebhard and Robbins LLP are soliciting ARE shareholders to discuss participation and potential lead-plaintiff roles on a contingency-fee basis.