Shareholders Filed a Lawsuit Against Lineage for Misleading IPO and Growth Claims

Court: E.D. Michigan

Case: 2:25-cv-12383

On August 1, 2025, LINE shareholders have filed a class action against Lineage, accusing it of misrepresenting the sustainability of its growth, concealing weakening demand, and overstating the stability of its cold storage operations during and after its 2024 IPO.

What is this lawsuit about?

Between July 26, 2024, and August 1, 2025, Lineage marketed itself as a stable leader in temperature-controlled warehousing with consistent revenue growth. In reality, the company faced weakening demand, customer inventory destocking, declining occupancy rates, and unsustainable pricing practices.

After repeated weak financial results, revenue declines, and layoffs, LINE fell approximately 50% from its $78 IPO price to near $40, causing significant investor losses.

What can you do to recover your losses now?

We’re keeping track of all updates and will notify LINE investors about potential recovery.

More than 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements. Connect your brokerage account to automatically check which ones you may have missed.