Saxena White P.A. is pleased to announce that on January 29, 2026, the United States District Court for the Eastern District of Michigan appointed the Public Employees’ Retirement System of Mississippi and the Indiana Public Retirement System as Lead Plaintiff and Saxena White P.A. as Co-Lead Counsel in the securities class action against Lineage, Inc., the Company’s senior officers and directors, and the underwriters of Lineage, Inc.’s (“Lineage” or the “Company”) July 2024 initial public offering (the “IPO”).

The action alleges that the registration statements and prospectus (the “Offering Documents”) for the July 2024 IPO were materially false and misleading. Specifically, the Offering Documents failed to disclose that Lineage was experiencing sustained weakening in customer demand for cold storage, customers were destocking a glut of excessive inventory built up during the COVID-19 pandemic, and the Company had implemented price increases in the lead-up to the IPO that could not be sustained. The Offering Documents also failed to disclose that Lineage was unable to counteract these adverse trends with minimum storage guarantees or through operational efficiencies, technological improvements, or purported competitive advantages. The Offering Documents further failed to disclose that Lineage was facing stagnant or falling revenue, occupancy rates, and rent prices for its cold storage business, which materially impaired the Company’s financial results, business operations, and prospects.