Innovative Industrial Properties, Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before March 18, 2025 to Discuss Your Rights - IIPR

1. Shareholders of IIPR are urged to join a class action lawsuit. 2. Allegations include false statements and declining rental income. 3. Potential impact on IIPR's revenue and profit growth indicated. 4. Class period for claims is from February 27, 2024, to December 19, 2024. 5. Deadline for lead plaintiff application is March 18, 2025.

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FAQ

Why Very Bearish?

The allegations suggest significant financial mismanagement, which historically led to stock value declines in similar cases.

How important is it?

The serious nature of the allegations directly threatens IIPR’s financial stability and investor confidence.

Why Short Term?

Immediate negative sentiment and potential stock price drop due to legal troubles can affect IIPR.

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NOTICE TO SHAREHOLDERS

NEW YORK, Feb. 27, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Innovative Industrial Properties, Inc. (NYSE: IIPR).

Important Information for Shareholders

Shareholders who purchased shares of IIPR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE: https://securitiesclasslaw.com/securities/innovative-industrial-properties-inc-loss-submission-form-2/?id=132332&from=4

CLASS PERIOD

February 27, 2024 to December 19, 2024

ALLEGATIONS

The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that:

(i) IIPR was experiencing significant declines in rent and property-management fees in connection with certain customer leases;
(ii) the foregoing would likely impair the Company's ability to maintain funds from operations and revenue growth;
(iii) accordingly, IIPR's leasing operations were less profitable than the Company had represented to investors; and
(iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

DEADLINE

March 18, 2025. Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/innovative-industrial-properties-inc-loss-submission-form-2/?id=132332&from=4

NEXT STEPS FOR SHAREHOLDERS

Once you register as a shareholder who purchased shares of IIPR during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is March 18, 2025. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM?

The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: info@grosslawfirm.com
Phone: (646) 453-8903

SOURCE

The Gross Law Firm