IIPR LAWSUIT: The Law Offices of Vincent Wong Notify Investors of a Class Action Lawsuit Involving Innovative Industrial Properties, Inc.
New York, New York--(Newsfile Corp. - June 21, 2022) - The Law Offices of Vincent Wong announce that a class action lawsuit has commenced in the on behalf of investors who purchased Innovative Industrial Properties, Inc. ("Innovative Industrial Properties") (NYSE: IIPR) between May 7, 2020 and April 13, 2022.
If you suffered a loss, contact us at the link below. There is no cost or obligation to you.
Allegations against IIPR include that the Company made materially false and/or misleading statements and/or failed to disclose that: (1) Innovative Industrial Properties' focus is to be a cannabis company lender rather than a REIT; (2) that the true values of the Company's properties are significantly lower than Innovative Industrial Properties represents; (3) there are existential issues in its top customers; (4) as a result, its top customers may not be able to continue making payments to Innovative Industrial Properties and the Company would face significant issues replacing these customers; and (5) 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.
If you suffered a loss in Innovative Industrial Properties you have until June 24, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
Vincent Wong, Esq.
39 East Broadway
New York, NY 10002
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/128539