The Gross Law Firm Reminds Innovative Industrial Properties, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of March 18, 2025 - IIPR

1. Shareholders encouraged to register for potential class action against IIPR. 2. Allegations include false statements about rent and property management fees. 3. Concerns over IIPR's revenue growth and funds from operations highlighted. 4. Deadline for shareholder registration is March 18, 2025. 5. Class action aims to seek recovery for investors' losses.

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FAQ

Why Very Bearish?

The allegations of misleading information could seriously undermine investor confidence. Historically, such legal actions often result in significant stock price declines, as seen with other companies facing similar lawsuits.

How important is it?

The reported lawsuit may directly affect IIPR's stock price due to investor sentiment and potential liabilities. Its implications on earnings projections could fundamentally alter market perceptions.

Why Short Term?

Legal issues typically manifest quickly on market sentiment, impacting stock in the near-term. Previous examples showcase rapid price reactions following class-action announcements.

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NEW YORK, March 6, 2025

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

Attention 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

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.

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