Press release
Lawsuit filed for Investors in shares of Innovative Industrial Properties, Inc. (NYSE: IIPR)
A lawsuit was filed on behalf of investors in Innovative Industrial Properties, Inc. (NYSE: IIPR) shares.
Investors who purchased shares of Innovative Industrial Properties, Inc. (NYSE: IIPR) have certain options and for certain investors are short and strict deadlines running. Deadline: June 24, 2022
. NYSE: IIPR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On April 14, 2022, before market hours, Blue Orca Capital released a report.
Shares of Innovative Industrial Properties, Inc. (NYSE: IIPR) declined from $211.17 per share on March 29, 2022, to as low as $140.53 per share on May 2, 2022.
The plaintiff claims that between May 7, 2020 and April 13, 2022, the defendants made false and/or misleading statements and/or failed to disclose that Innovative Industrial Properties' focus is to be a company lender rather than a real estate investment trust (REIT), that the true values of Innovative Industrial Properties' properties are significantly lower than Innovative Industrial Properties represents, that existential issues in its top customers, that that as a result, its 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 that 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
Those who purchased shares of Innovative Industrial Properties, Inc. (NYSE: IIPR) have certain options and should contact the Shareholders Foundation.
Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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