Innovative Industrial Properties, Inc. (IIPR)
The Gross Law Firm notifies investors that a class action has commenced in the United States District Court for the District of New Jersey on behalf of shareholders of Innovative Industrial Properties, Inc. (IIPR) who purchased shares between May 7, 2020 and April 13, 2022.
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that:
(1) IIPR’s focus is to be a cannabis company lender rather than a REIT; (2) that the true values of the Company’s properties are significantly lower than IIPR represents; (3) there are existential issues in its top customers; (4) as a result, its top customers may not be able to continue making payments to IIPR and the Company would face significant issues replacing these customers; and (5) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until June 24, 2022 to request that the court appoint them lead plaintiff.
To receive more information, please fill out the form.
Innovative Industrial Properties, Inc. Class Action Lawsuit
Innovative Industrial Properties, Inc. Lawsuit
IIPR Class Action Lawsuit
Innovative Industrial Properties, Inc. (IIPR) Class Action Lawsuit