Lineage, Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 9, 2026
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Item 1. Legal Proceedings
The Company, from time to time and in the normal course of business, is party to various claims, lawsuits, arbitrations, and regulatory actions. Refer to Note 15, Commitments and contingencies in the condensed consolidated financial statements included in this Quarterly Report for details of legal proceedings in which the Company is involved. Other than the Securities Lawsuit and the Los Angeles Fire Litigation (each as defined in Note 15), in the opinion of management, we are not currently party to any legal proceedings that could have a material impact on our business, financial condition, or results of operations, nor is a property of the Company subject to any material pending legal proceedings.
Environmental Matters
SEC regulations require the Company to disclose certain information about environmental proceedings if the Company reasonably believes that such proceedings may result in monetary sanctions above a stated threshold. The Company uses a threshold of $1 million for purposes of determining whether disclosure of any such proceedings is required.
From July 12, 2026 through August 28, 2026, the Company received 39 Notices of Violation from the South Coast Air Quality Management District (“SCAQMD”) alleging that odors from the Company’s Los Angeles, California facility following the June 2026 fire constituted a public nuisance in violation of SCAQMD Rule 402 and California Health and Safety Code Section 41700. The SCAQMD may seek to impose monetary penalties for the alleged violations. Other agencies may also initiate proceedings relating to the fire. The Company is unable to predict the final outcome of this matter, but the SCAQMD and other agencies could seek penalties in excess of $1 million.
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