NEW YORK, May 3, 2022 /PRNewswire/ —
WHY: Rosen Law Firm, a global investor rights law firm, is reminding buyers of Innovative Industrial Properties, Inc. (NYSE: IIPR, IIPR-PA) securities between May 7, 2020 and April 13thincluding 2022 (the “Collection Period”), the important June 24, 2022 deadline for the plaintiff in the securities class action lawsuit initiated by the company.
SO WHAT: If you purchased Innovative Industrial Properties securities during the Class Period, you may be entitled to compensation without payment of expenses or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Innovative Industrial Properties class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=5301 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email email@example.com or firstname.lastname@example.org for class action information. A class action lawsuit has already been filed. If you want to appear as lead plaintiff, you must call the court not later than June 24, 2022. A lead plaintiff is a representative party acting on behalf of other group members in conducting the litigation.
WHY ROSES LAW: We encourage investors to select qualified advisors with a track record in leadership positions. Frequently, companies that issue notices do not have comparable experience, resources, or meaningful recognition from peers. Many of these law firms do not actually conduct securities class actions, but are merely intermediaries who refer clients or work with law firms who actually hear the cases. Be wise in choosing a lawyer. The Rosen Law Firm represents investors worldwide and focuses its practice on securities class actions and shareholder derivatives litigation. Rosen Law Firm has achieved the largest-ever securities class-action settlement against a Chinese company. Rosen Law Firm was ranked #1 in 2017 by ISS Securities Class Action Services for the number of securities class action settlements. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm over-hedged $438 million for investors. 2020 founding partner Laurence Rosen was named by law360 as the Titan of Plaintiffs’ Bar. Many of the firm’s attorneys are recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the Complaint, during the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose: (1) that Innovative Industrial Properties’ focus is to be a lender to cannabis companies and not a real estate investment trust (REIT ). ; (2) that the true values of Innovative Industrial Properties’ properties are significantly lower than Innovative Industrial Properties represents; (3) existential problems at its top clients; (4) that as a result, its top customers may become unable to make payments to Innovative Industrial Properties and Innovative Industrial Properties would face significant problems in replacing those customers; and (5) as a result, the statements made by the defendants regarding their business, operations and prospects were materially false, misleading and/or lacking a reasonable basis at all relevant times. As the true details emerged, the lawsuit alleges that investors suffered damage.
To participate in the Innovative Industrial Properties Class Action, go to or call Phillip Kim, Esq. toll free at 866-767-3653 or https://rosenlegal.com/submit-form/?case_id=5301 email email@example.com or firstname.lastname@example.org for class action information.
No class was certified. Until a class is certified, you will not be represented by an attorney unless you retain one. You can select a lawyer of your choice. You can also remain absent and do nothing at this point. An investor’s ability to participate in a potential future recovery is not contingent on its serving as lead plaintiff.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Law Firm of Rosen, PA
275 Madison Avenue, 40th floor
New York, NY 10016
Phone: (212) 686-1060
duty free: (866) 767-3653
Fax: (212) 202-3827
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