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Lineage IPO Class Action Nears Sept. 30 Lead‑Plaintiff Deadline as More Firms Court Investors

Investors from the July 2024 offering must move by Sept. 30 to seek lead-plaintiff status in the Michigan suit over alleged IPO disclosure failures.

Overview

  • The case is pending 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 complaint brings Securities Act Sections 11 and 15 claims on behalf of investors who bought shares pursuant or traceable to the July 2024 registration statement.
  • Filings claim the IPO materials concealed weakening demand tied to customer destocking and new cold‑storage capacity, along with unsustainable pre‑IPO price increases and fading pricing power.
  • Lineage disclosed inventory unwinding on Feb. 26, 2025, later reported a 2.7% revenue decline on Apr. 30, and the stock fell to lows near $40 from the $78 IPO price, including a 14.62% drop that day.
  • Multiple firms—including Bleichmar Fonti & Auld, Rosen Law Firm, Bronstein Gewirtz & Grossman, and Portnoy Law Firm—are soliciting investors, the allegations remain unproven, and no class has been certified.