New York, New York -(Newsfile Corp. -January 26, 2025) – Why: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities Innovative industrial properties ,Inc. (NYSE:NYSE:) between February 27, 2024 and December 19, 2024, both inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the court No later than March 18, 2025.
so what: If you purchased IIPR Securities during the Class Period, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.
What to do next: To join the IIPR class action, go to https://rosenlegal.com/submit-form/?case_id=33890 or call Phillip Kim, Esq. at 866-767-3653 or email case@rosenlegal.com for more information. The class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the court No later than March 18, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why Rosen Law: We encourage investors to select a qualified attorney with a proven track record of success in leadership roles. Often, companies issuing notices do not have similar experience, resources or any meaningful recognition of the decision. Be wise in choosing a lawyer. The Rosen Law Firm represents investors throughout the world, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest securities class action settlement against a Chinese company at that time. Rosen Law Firm is Ranked #1 by ISS Securities an act (WA:) services a number of securities class action settlements in 2017. The firm has been ranked in the top four every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company raised more than $438 million for investors. In 2020, co-founder Lawrence Rosen was named by Law360 as a Titan of Paintiffs'. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Case details: According to the lawsuit, during the Class Period, Defendants made false statements and/or failed to disclose: (1) IIPR was experiencing significant decreases in rental and property management fees in connection with certain client leases; (2) the foregoing would likely impair IIPR's ability to maintain funds from operations (“FFO”) and revenue growth; (3) accordingly, IIPR's leasing operations were less profitable than what IIPR represented to investors; and (4) as a result, IIPR's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims, investors suffered damages.
To join the IIPR class action, go to https://rosenlegal.com/submit-form/?case_id=33890 or call Phillip Kim, Esq. at 866-767-3653 or email case@rosenlegal.com for more information.
No chapter has been approved. Until a class is certified, you are not represented by an attorney unless you retain one. You can select the attorney of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to participate in any potential future recovery is not dependent on serving as lead plaintiff.
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