Alexandria Real Estate Securities Suit Enters Lead-Plaintiff Push Before Jan. 26 Deadline
Plaintiff firms allege misleading disclosures about leasing at a Long Island City site, with lead-plaintiff motions next.
Overview
- Investor notices on Dec. 15 urge Alexandria Real Estate Equities shareholders to seek lead-plaintiff status by Jan. 26, 2026.
- Press releases confirm a putative class action in the Central District of California covering purchases from Jan. 27 to Oct. 27, 2025.
- Filings assert false or misleading statements regarding the development tenant pipeline and the condition of a Long Island City property.
- The lawsuit follows Oct. 27 results that included a cut to full‑year FFO guidance and a $323.9 million impairment, about $206 million tied to the Long Island City asset.
- Shares fell roughly 19% on Oct. 28 after the earnings release, and the company later set a fourth‑quarter dividend of $0.72 per share, a 45% reduction.