Class Action Reports

IIPR Class Action: Learn About the Innovative Industrial Properties Lawsuit

Levi & Korsinsky, LLP

April 29, 2022

Levi & Korsinsky, LLP announces that an IIPR class action lawsuit has been filed on behalf of investors who purchased Innovative Industrial Properties, Inc. (IIPR) securities between May 7, 2020, and April 13, 2022.  For more on the IIPR Lawsuit please contact us today.




According to the Innovative Industrial Properties lawsuit, throughout the Class Period defendants made 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.



Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

Tel: (212) 363-7500

Fax: (212) 363-7171