Investigation into Innovative Industrial Properties, Inc. by Bragar Eagel & Squire, P.C.

NEW YORK, March 24, 2025 (GLOBE NEWSWIRE) -- The law firm Bragar Eagel & Squire, P.C., recognized for its work on behalf of shareholders, is looking into possible claims against Innovative Industrial Properties, Inc. (IIPR) for the benefit of long-term stockholders. This investigation comes after a class action lawsuit was filed against IIPR on January 17, 2025, with the class period ranging from February 27, 2024, to December 19, 2024. The focus of this investigation is whether the board of directors of IIPR has violated their fiduciary duties to the company.

The lawsuit states that during the class period, the defendants made misleading statements and failed to disclose critical information, such as: (1) IIPR was experiencing significant reductions in rent and property management fees connected to specific customer leases; (2) these reductions would likely hinder IIPR’s ability to maintain growth in funds from operations (FFO) and revenue; (3) as a result, IIPR's leasing operations were actually less profitable than claimed to investors; and (4) consequently, all public statements made by IIPR were materially misleading. When this information became public, the lawsuit alleges that investors faced losses.

If you are a long-term stockholder of IIPR or have information regarding this matter, or if you have questions about your rights or interests in relation to these claims, you are encouraged to reach out to Brandon Walker or Marion Passmore. You can contact them via email at [email protected], call at (212) 355-4648, or complete the contact form provided. There is no cost or obligation for inquiries.

About Bragar Eagel & Squire, P.C.

Bragar Eagel & Squire, P.C. is a well-known law firm with offices located in New York and California. The firm represents both individual and institutional investors in various legal matters such as commercial disputes, securities issues, derivative claims, and other complex litigation in state and federal courts nationwide. To learn more about the firm, please visit their website.

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investigation, lawsuit, stockholders