Lineage Investors Urged to Take Action Before Deadline
Important Update for Lineage Investors
Bragar Eagel & Squire, P.C., led by Litigation Partner Brandon Walker, is reaching out to investors who suffered losses in Lineage (LINE). The firm encourages those affected to connect to explore their legal options.
Understanding Your Legal Rights
If you purchased shares during Lineage's initial public offerings, it is vital to understand your rights. Investors are advised to contact either Brandon Walker or Marion Passmore at (212) 355-4648 to discuss potential claims.
Key Facts About the Class Action Lawsuit
Bragar Eagel & Squire has announced that a class action lawsuit has been filed against Lineage, Inc. in the United States District Court. This lawsuit focuses on all individuals and entities that purchased or acquired Lineage initial public offerings.
Deadline for Lead Plaintiff Applications
All interested investors have until September 30, 2025, to apply for the role of lead plaintiff in the ongoing lawsuit.
Details of the Allegations
Allegations within the lawsuit state that Lineage's registration statement contained significant misrepresentations regarding its business and financial conditions. It noted misleading statements about the effects of the COVID-19 pandemic on their operations and market dynamics.
What Investors Should Know About Their Investments
Investors must be aware of the sharp decline in Lineage's stock price, which has plummeted to approximately $40 per share, nearly half of its initial offering price. This downturn is primarily underpinned by challenges such as declining occupancy rates and unsustainable price increases in the cold storage industry.
Next Steps for Affected Investors
Individuals who acquired Lineage shares during the IPO and experienced losses are encouraged to initiate contact for further assistance. Whether you are a long-term stockholder or possess information related to the case, it’s essential to explore your legal avenues.
The firm will not charge you for this consultation, allowing you to focus on understanding your rights without any financial pressure.
About Bragar Eagel & Squire, P.C.
Bragar Eagel & Squire is a highly respected law firm specializing in representing individual and institutional investors. With offices strategically located across New York, California, and South Carolina, they handle various sophisticated litigations in both state and federal courts.
Contact Information
For more details or personal consultation, reach out to:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
Frequently Asked Questions
What is the deadline for filing as a lead plaintiff in the lawsuit?
The deadline for filing as a lead plaintiff in the lawsuit against Lineage is September 30, 2025.
Who can file claims in the class action lawsuit?
Any individual or entity that purchased or acquired shares during Lineage's initial public offerings can file claims in the class action lawsuit.
What are the main allegations in the lawsuit?
The lawsuit alleges misrepresentations in Lineage's registration statement concerning its business and financial health at the time of the IPO.
How much has Lineage's stock price dropped?
Since the IPO, Lineage’s stock price has fallen to around $40 per share, nearly half of its original IPO price.
How can I contact Bragar Eagel & Squire for more information?
Investors can contact Bragar Eagel & Squire by phone at (212) 355-4648 or via email at investigations@bespc.com for more information.
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