Legal Action Initiated Against Lineage Inc.: Investors Urged to Seek Counsel

Bragar Eagel & Squire, P.C., a prominent law firm specializing in shareholder rights, has announced the filing of a class action lawsuit targeting Lineage, Inc. (NASDAQ:LINE). The suit, lodged in the U.S. District Court for the Eastern District of Michigan, seeks to represent all individuals and entities who purchased or acquired shares during the company's initial public offering. Attorney Brandon Walker from the firm encourages affected investors to contact him directly to explore their legal options. Those who bought shares during the IPO and wish to discuss their rights can reach out to Walker or Marion Passmore at (212) 355-4648. The lawsuit claims that Lineage's registration statement misrepresented key aspects of the company's business and financial health. Specifically, it suggested that pandemic-driven trends would boost future growth, overlooking the ongoing downturn and inventory destocking by customers. Since going public, the stock price has plummeted to nearly $40 per share, roughly halving from the IPO price. Investors who suffered losses or want to learn more are invited to contact the firm at [email protected] or via the provided phone number. There is no...