Overview

• A securities class action, City of St. Clair Shores Police and Fire Retirement System v. Lineage, Inc., No. 25-cv-12383, is filed in the Eastern District of Michigan alleging Securities Act violations tied to the IPO.
• Plaintiffs claim the registration statement concealed weakening customer demand, unsustainable pre‑IPO price increases, inability to offset adverse trends, and declining revenue, occupancy, and rents.
• Lineage, a Maryland REIT focused on cold storage, sold over 65 million shares at $78 in July 2024, raising more than $5 billion, and the stock later fell to lows near $40.
• Robbins Geller, Bernstein Liebhard, Rosen Law Firm, Howard G. Smith, and Levi & Korsinsky have issued notices urging IPO purchasers to move for lead‑plaintiff status by September 30, 2025.
• The litigation is in its early stages with no class certified, and investors may share in any recovery without serving as lead plaintiff.