NEW YORK, May 10, 2022 /PRNewswire/ — The Klein Law Firm announces that a class action lawsuit has been filed on behalf of shareholders of Innovative Industrial Properties, Inc. (NYSE:IIPR) alleging that the company violated federal property laws. securities.
Class period: May 7, 2020 at April 13, 2022
Lead Applicant Deadline: June 24, 2022
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Innovative Industrial Properties, Inc. NEWS – IIPR NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Innovative Industrial Properties, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Innovative Industrial Properties’ purpose is to be a corporate lender cannabis rather than a REIT; (2) that the actual values of the Company’s properties are significantly lower than those represented by the innovative industrial properties; (3) there are existential problems with his main clients; (4) as a result, its major customers may not be able to continue to make payments to Innovative Industrial Properties and the Company would face significant issues in replacing such customers; and (5) as a result, defendants’ statements regarding its business, operations and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.
WHAT THIS MEANS FOR YOU AS A SHAREHOLDER: If you have suffered a loss in innovative industrial properties, you have until June 24, 2022 ask the court to obtain the status of principal plaintiff. Your ability to participate in any collection does not require you to serve as the lead plaintiff.
AT NO CHARGE TO YOU: If you purchased securities of Innovative Industrial Properties during the relevant period, you may be entitled to compensation without payment of disbursements.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For more information on the IIPR trial, please contact J. Klein, Esq. by phone at 212-616-4899 or click on this link: https://www.kleinstocklaw.com/pslra-1/innovative-industrial-properties-inc-loss-submission-form?id=26962&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigation involving financial fraud across the country. Klein Law Firm is a litigation firm with experience in a wide range of areas, including securities law, corporate finance and commercial litigation. Since 2011, our experienced lawyers have achieved superior results for our clients with a personalized approach. Lawyer advertisement. Prior results do not guarantee similar results.
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
New York, NY 10118
Telephone: (212) 616-4899
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SOURCE Klein Law Firm