INVESTOR ALERT: Innovative Industrial Properties, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit – IIPR; IIPR-PA

INVESTOR ALERT: Innovative Industrial Properties, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit – IIPR; IIPR-PA
CANNANNEW REPORT

SAN DIEGO–(BUSINESS WIRE)–Robbins Geller Rudman & Dowd LLP announces that purchasers of Innovative Industrial Properties, Inc. (NYSE: IIPR; IIPR-PA) publicly traded securities between May 7, 2020 and April 13, 2022, inclusive (the “Class Period”) have until June 24, 2022 to seek appointment as lead plaintiff in Mallozzi v. Innovative Industrial Properties, Inc., No. 22-cv-02359 (D.N.J.). Commenced on April 25, 2022, the Innovative Industrial Properties class action lawsuit charges Innovative Industrial Properties and certain of its top executive officers with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Innovative Industrial Properties class action lawsuit, please provide your information by clicking here. You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com. Lead plaintiff motions for the Innovative Industrial Properties class action lawsuit must be filed with the court no later than June 24, 2022. CASE ALLEGATIONS: Innovative Industrial Properties purports to be an internally managed real estate investment trust (“REIT”) focused on the acquisition, ownership, and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated state-licensed cannabis facilities. The Innovative Industrial Properties class action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose: (i) that Innovative Industrial Properties’ focus is to be a cannabis company lender rather than a REIT; (ii) that the true values of Innovative Industrial Properties’ properties are significantly lower than Innovative Industrial Properties represents; (iii) existential issues in its top customers; (iv) that, as a result, Innovative Industrial Properties’ top customers may not be able to continue making payments to Innovative Industrial Properties and Innovative Industrial Properties would face significant issues replacing these customers; and (v) that consequently, defendants’ statements about Innovative Industrial…

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Source : INVESTOR ALERT: Innovative Industrial Properties, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit – IIPR; IIPR-PA

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