A lawsuit was filed on behalf of investors in Innovative Industrial Properties, Inc. (NYSE:IIPR) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 05/16/2022 -- An investor, who purchased shares of Innovative Industrial Properties, Inc. (NYSE: IIPR), filed a lawsuit over alleged violations of Federal Securities Laws by Innovative Industrial Properties, Inc.
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 email@example.com or call +1(858) 779 - 1554.
On April 14, 2022, before market hours, Blue Orca Capital released a report alleging concerning Innovative Industrial Properties, Inc.
Shares of Innovative Industrial Properties, Inc. (NYSE: IIPR) declined from $211.17 per share on March 29, 2022, to as low as $132.57 per share on May 6, 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 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.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.