Overview

• The complaint is filed in the U.S. District Court for the Eastern District of Michigan as City of St. Clair Shores Police and Fire Retirement System v. Lineage, Inc., No. 2:25-cv-12383.
• The suit asserts Sections 11 and 15 claims tied to Lineage’s July 2024 IPO registration statement and covers purchasers in or traceable to that offering.
• Plaintiffs allege the company overstated demand resilience as customers destocked and new cold-storage capacity came online, implemented unsustainable pre-IPO price increases, and could not offset these trends with guarantees or efficiencies.
• The filing cites Lineage’s February 26, 2025 disclosure of inventory unwinding and notes the stock’s drop from the $78 IPO price to lows near $40.
• Law firms including Bleichmar Fonti & Auld and Levi & Korsinsky are soliciting investors who bought shares in or traceable to the IPO to participate in the case.