INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Lineage, Inc.- LINE
NEW YORK, June 28, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Lineage, Inc. (“Lineage” or the “Company”) (NASDAQ: LINE). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Lineage and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On or around July 25, 2024, Lineage conducted its initial public offering of 56,882,051 shares of common stock priced at $78.00 per share. Then, on April 30, 2025, Lineage reported its financial results for the first quarter of 2025. Among other items, Lineage reported that its total revenue had decreased by 2.7% to $1.29 billion for the quarter, stating that it “experienced more normal seasonal trends in the first quarter after multiple years of elevated inventory levels.”
On this news, Lineage’s stock price fell $8.26 per share, or 14.62%, to close at $48.23 per share on April 30, 2025.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
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