Class Action Lawsuit Filed Against Lineage, Inc.: Bragar Eagel & Squire, P.C. Urges Investors to Get in Touch Following Legal Action

Lineage, Inc. (NASDAQ: LINE), a leading logistics company, is facing a class action lawsuit filed by Bragar Eagel & Squire, P.C. The lawsuit, which was filed in the United States District Court for the Eastern District of Michigan, alleges material misrepresentations about Lineage's business, historical financial results, and industry trends in the Registration Statement filed on Form S-11 with the SEC on June 26, 2024, and declared effective on July 24, 2024.

The complaint contends that Lineage was in a sustained downturn, with customers destocking excessive inventory and shifting to leaner inventories. The lawsuit further alleges that Lineage suffered particularly negative effects in terms of occupancy rates and pricing power due to its recent imposition of unsustainable price increases.

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

Investors who purchased or otherwise acquired Lineage's initial public offerings are encouraged to contact Brandon Walker or Marion Passmore of Bragar Eagel & Squire, P.C. to discuss their options. There is no cost or obligation for contacting the firm. Investors can contact Brandon Walker or Marion Passmore by email at [email protected], telephone at (212) 355-4648, or by filling out a contact form on the firm's website (www.bespc.com).

Investors have until September 30, 2025, to apply to be the lead plaintiff in the lawsuit. Bragar Eagel & Squire, P.C. can be followed for updates on LinkedIn, X, and Facebook. Brandon Walker, Esq. can also be followed on LinkedIn and X.

For more information about the Lineage class action lawsuit or Bragar Eagel & Squire, P.C., please visit www.bespc.com. The prospectus for the IPO on Form 424B4 was filed on July 26, 2024. The person who initiated the lawsuit against Lineage, Inc. is not specified.

The price of Lineage stock has fallen to lows near $40 per share, approximately half the IPO price. This news has raised concerns among investors and has prompted the class action lawsuit against the company. It remains to be seen how this lawsuit will unfold and what impact it will have on Lineage's future.

Class Action Lawsuit Filed Against Lineage, Inc.: Bragar Eagel & Squire, P.C. Urges Investors to Get in Touch Following Legal Action