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Investors sue Lineage, Inc., claiming its IPO was misleading, causing stock price to plummet.
A class action lawsuit has been filed against Lineage, Inc., a cold-storage REIT, alleging that its July 2024 IPO registration statement was misleading.
The lawsuit, filed by multiple law firms, claims that the company overstated demand for its services, leading to a drop in its stock price from $78 per share.
Investors who bought Lineage stock during the IPO have until September 30, 2025, to join the lawsuit and potentially seek compensation.
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Los inversores demandaron a Lineage, Inc., alegando que su IPO fue engañosa, causando que el precio de las acciones se desplomara.