New York, New York–(Newsfile Corp. – May 8, 2022) – WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of the securities of Innovative Industrial Properties, Inc. IIRP IIRP between May 7, 2020 and April 13, 2022 inclusive (the “Class Period”), the significant Deadline of June 24, 2022 for the main applicant in the securities class action brought by the Firm.
SO WHAT: If you purchased Innovative Industrial Property titles during the Class Period, you may be entitled to compensation without payment of fees or out-of-pocket costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Innovative Industrial Property class action, go to https://rosenlegal.com/submit-form/?case_id=5301 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court no later than June 24, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually handle securities class action lawsuits, but are merely middlemen who refer clients or partner with law firms that actually litigate the cases. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) that Innovative Industrial Properties’ purpose is to be a lender of cannabis company rather than a real estate investment trust (REIT); (2) that the actual values of the properties of the innovative industrial properties are significantly lower than those represented by the innovative industrial properties; (3) the existential problems of its main clients; (4) that as a result, its major customers may not be able to continue to make payments to Innovative Patents and Innovative Patents would face significant challenges in replacing such customers; and (5) that 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. When the real details entered the market, the lawsuit claims investors suffered damages.
To join the Innovative Industrial Property 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 protected] or [email protected] for more information about the class action.
No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/123103