Innovative Industrial Properties(IIPR) Prnewswire·2025-02-25 10:45Core Viewpoint - A class action securities lawsuit has been filed against Innovative Industrial Properties, Inc. due to alleged securities fraud affecting investors between February 27, 2024, and December 19, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the company made false statements and concealed significant declines in rent and property-management fees related to certain customer leases [3]. - It is alleged that these issues would likely impair the company's ability to maintain funds from operations and revenue growth [3]. - The complaint asserts that the leasing operations of Innovative Industrial Properties were less profitable than previously represented to investors, leading to materially false and misleading public statements [3]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until March 18, 2025, to request appointment as lead plaintiff, although participation does not require serving in this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [4]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [5].