The Spectrum: State of the State; Columbus business leader
Ohio Gov. Mike DeWine says the state of Ohio is strong, but there is room for improvement.
What are the policies he wants lawmakers to take action on?
There's a new leader at the Columbus Business Partnership. What is his vision for the city and what does he say are the biggest challenges facing the region?
It's been five years since COVID-19 was declared a global pandemic.
The lasting scars a new study shows the virus and the response to it left on the country's political system.
Republican strategist Bob Clegg and Democratic strategist Morgan Harper weigh in on DeWine's State of the State address and whether or not lawmakers will take action on his priorities.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Associated Press
18 minutes ago
- Associated Press
Law Offices of Frank R. Cruz Encourages Lineage, Inc. (LINE) Investors to Inquire About Securities Fraud Class Action
LOS ANGELES--(BUSINESS WIRE)--Aug 11, 2025-- The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of investors who purchased Lineage, Inc. ('Lineage' or the 'Company') (NASDAQ: LINE ) common stock pursuant and/or traceable to the registration statement used in connection with the Company's July 2024 initial public offering (the 'IPO'). Lineage investors have until September 30, 2025 to file a lead plaintiff motion. IF YOU SUFFERED A LOSS ON YOUR LINEAGE, INC. (LINE) INVESTMENTS, CLICKHERETO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES FRAUD LAWSUIT. You can also contact the Law Offices of Frank R. Cruz to discuss your legal rights by email at [email protected], by telephone at (310) 914-5007, or visit our website at What Happened? In July 2024, Lineage conducted its IPO, selling over 65 million shares of common stock at $78 per share. On November 6, 2024, Lineage released its third quarter 2024 financial results, revealing that it had suffered a $543 million net loss during the quarter. On this news, Lineage's stock price fell $5.22, or 7.4%, to close at $65.79 per share on November 6, 2024, thereby injuring investors. Then, on January 14, 2025, The Wall Street Journal reported that Lineage was laying off employees due to reduced customer demand only six months after its IPO. Then, on April 7, 2025, Lineage announced the dismissal of its auditor, KPMG LLP. On this news, Lineage's stock price fell $5.29, or 9.9%, over two consecutive trading days, to close at $48.41 per share on April 8, 2025. Then, on April 30, 2025, Lineage reported first quarter 2025 financial results, including that '[t]otal revenue decreased (2.7)%' to $1.29 billion for the quarter. The Company stated it 'experienced more normal seasonal trends in the first quarter after multiple years of elevated inventory levels.' On this news, Lineage's stock price fell $8.16, or 14.62%, to close at $47.65 per share on April 30, 2025, thereby injuring investors further. On June 3, 2025, the Company stated at an Investor Conference that there has been 'pretty much flat demand' for Lineage's products and services and that the Company was operating in a 'flattish environment' in terms of demand. The price of Lineage stock has remained substantially below the IPO price at the time of this complaint's filing. What Is The Lawsuit About? The complaint filed in this class action alleges that the Registration Statement made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Lineage was then experiencing sustained weakening in customer demand, as additional cold-storage supply had come on line, the Company's customers destocked a glut of excessive inventory built up during the COVID-19 pandemic, and the Company's customers shifted to maintaining leaner cold-storage inventories on a go-forward basis in response to changed consumer trends; (2) that Lineage had implemented price increases in the lead-up to the IPO that could not be sustained in light of the weakening demand environment facing the Company; (3) that Lineage was unable to effectively counteract the adverse trends listed in the foregoing through the use of minimum storage guarantees or as a result of operational efficiencies, technological improvements, or its purported competitive advantages; (4) that, as a result of the foregoing, rather than enjoying stable revenue growth, high occupancy rates, and steady rent escalation as represented in the Registration Statement, Lineage was in fact suffering from stagnant or falling revenue, occupancy rates, and rent prices; and (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. Contact Us To Participate or Learn More: If you purchased Lineage common stock, wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please click HERE or contact us at: Law Offices of Frank R. Cruz 2121 Avenue of the Stars, Suite 800 Telephone: 310-914-5007 Email: [email protected] Visit our website at: This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. View source version on CONTACT: Law Offices of Frank R. Cruz 2121 Avenue of the Stars, Suite 800 Telephone: 310-914-5007 Email:[email protected] Visit our website at: KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL SOURCE: The Law Offices of Frank R. Cruz Copyright Business Wire 2025. PUB: 08/11/2025 12:06 PM/DISC: 08/11/2025 12:07 PM
UPI
18 minutes ago
- UPI
3 reasons Republicans' redistricting power grab might backfire
Texas state Democratic representatives, shown at a rally in Washington, previously left the state in 2021 to try to prevent the state's Republicans from reaching a quorum and passing new voting restrictions legislation. File Photo by Michael Reynolds/EPA The gerrymandering drama in Texas -- and beyond -- has continued to unfold after Democratic state legislators fled the state. The Democrats want to prevent the Republican-controlled government from enacting a mid-decade gerrymander aimed at giving Republicans several more seats in Congress. The Texas GOP move was pushed by President Donald Trump, who's aiming to ensure he has a GOP-controlled Congress to work with after the 2026 midterm elections. Other Republican states such as Missouri and Ohio may also follow the Texas playbook; and Democratic states such as California and Illinois seem open to responding in kind. But there are a few factors that make this process more complicated than just grabbing a few House seats. They may even make Republicans regret their hardball gerrymandering tactics, if the party ends up with districts that political scientists like me call "dummymandered." Democrats can finally fight back Unlike at the federal level, where Democrats are almost completely shut out of power, Republicans are already facing potentially consequential retaliation for their gerrymandering attempts from Democratic leaders in other states. Democrats in California, led by Gov. Gavin Newsom, are pushing for a special election later this year, in which the voters could vote on new congressional maps in that state, aiming to balance out Democrats' losses in Texas. If successful, these changes would take effect prior to next year's midterm elections. Other large Democratic-controlled states, such as Illinois and New York -- led by Gov. J.B. Pritzker and Gov. Kathy Hochul, respectively -- have also indicated openness to enacting their own new gerrymanders to pick up seats on the Democratic side. New York and California both currently use nonpartisan redistricting commissions to draw their boundaries. But Hochul recently said she is "sick and tired of being pushed around" while other states refuse to adopt redistricting reforms and gerrymander to their full advantage. Hochul said she'd even be open to amending the state constitution to eliminate the nonpartisan redistricting commission. It's unclear whether these blue states will be successful in their efforts to fight fire with fire; but in the meantime, governors like Hochul and Pritzker have welcomed the protesting Democratic legislators from Texas, in many cases arranging for their housing during their self-imposed exile. Dummymandering Another possible problem for either party looking to gain some seats in this process stems from greediness. In responding to Democrats' continued absence from Texas, Gov. Greg Abbott threatened even more drastic gerrymanders. "If they don't start showing up, I may start expanding," Abbott said. "We may make it six or seven or eight new seats we're going to be adding on the Republican side." But Abbott might think twice about this strategy. Parties that gerrymander their states' districts are drawing lines to maximize their own advantage, either in state legislatures or, in this case, congressional delegations. When parties gerrymander districts, they don't usually try to make them all as lopsided as possible for their own side. Instead, they try to make as many districts as possible that they are likely to win. They do this by spreading groups of supportive voters across several districts so they can help the party win more of these districts. But sometimes the effort backfires: In trying to maximize their seats, a party spreads its voters too thin and fails to make some districts safe enough. These vulnerable districts can then flip to the other party in future elections, and the opposing party ends up winning more seats than expected. This phenomenon, commonly referred to as "dummymandering," has happened before. It even happened in Texas, where Republicans lost a large handful of poorly drawn state legislative districts in the Dallas suburbs in 2018, a strong year for Democrats nationwide. With Democrats poised for a strong 2026 midterm election against an unpopular president, this is a lesson Republicans might need to pay attention to. There's not much left to gerrymander One of the main reasons dummymandering happens is that there has been so much gerrymandering that there are few remaining districts competitive enough for a controlling party to pick off for themselves. This important development has unfolded for two big reasons. First, in terms of gerrymandering, the low-hanging fruit is already picked over. States controlled by either Democrats or Republicans have already undertaken pretty egregious gerrymanders during previous regular redistricting processes, particularly following the 2010 and 2020 censuses. Republicans have generally been more adept at the process, particularly in maximizing their seat shares in relatively competitive states such as Wisconsin and North Carolina that they happen to control. But Democrats have also been successful in states such as Maryland, where only one Republican serves out of nine seats, despite the party winning 35% of the presidential vote in 2024. In Massachusetts, where Democrats hold all eight seats, Republicans won 37% of the presidential vote in 2024. There's also the fact that over the past half-century, "gerrymanderable" territory has become more difficult to find regardless of how you draw the boundaries. That's because the voting electorate is more geographically sorted between the parties. This means that Democratic and Republican voters are segregated from each other geographically, with Democrats tending toward big cities and suburbs, and Republicans occupying rural areas. As a result, it's become less geographically possible than ever to draw reasonable-looking districts that split up the other party's voters in order to diminish the opponents' ability to elect one of their own. Regardless of how far either party is willing to go, today's clash over Texas redistricting represents largely uncharted territory. Mid-decade redistricting does sometimes happen, either at the hands of legislatures or the courts, but not usually in such a brazen fashion. And this time, the Texas attempt could spark chaos and a race to the bottom, where every state picks up the challenge and tries to rewrite their electoral maps - not in the usual once-a-decade manner, but whenever they're unsatisfied with the odds in the next election. Charlie Hunt is an associate professor of political science at Boise State University. This article is republished from The Conversation under a Creative Commons license. Read the original article. The views and opinions in this commentary are solely those of the author.
Business Wire
19 minutes ago
- Business Wire
Law Offices of Frank R. Cruz Encourages Lineage, Inc. (LINE) Investors to Inquire About Securities Fraud Class Action
LOS ANGELES--(BUSINESS WIRE)-- The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of investors who purchased Lineage, Inc. ('Lineage' or the 'Company') (NASDAQ: LINE) common stock pursuant and/or traceable to the registration statement used in connection with the Company's July 2024 initial public offering (the 'IPO'). Lineage investors have until September 30, 2025 to file a lead plaintiff motion. Law Offices of Frank R. Cruz Encourages Lineage, Inc. (LINE) Investors To Inquire About Securities Fraud Class Action Share IF YOU SUFFERED A LOSS ON YOUR LINEAGE, INC. (LINE) INVESTMENTS, CLICK HERE TO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES FRAUD LAWSUIT. You can also contact the Law Offices of Frank R. Cruz to discuss your legal rights by email at info@ by telephone at (310) 914-5007, or visit our website at What Happened? In July 2024, Lineage conducted its IPO, selling over 65 million shares of common stock at $78 per share. On November 6, 2024, Lineage released its third quarter 2024 financial results, revealing that it had suffered a $543 million net loss during the quarter. On this news, Lineage's stock price fell $5.22, or 7.4%, to close at $65.79 per share on November 6, 2024, thereby injuring investors. Then, on January 14, 2025, The Wall Street Journal reported that Lineage was laying off employees due to reduced customer demand only six months after its IPO. Then, on April 7, 2025, Lineage announced the dismissal of its auditor, KPMG LLP. On this news, Lineage's stock price fell $5.29, or 9.9%, over two consecutive trading days, to close at $48.41 per share on April 8, 2025. Then, on April 30, 2025, Lineage reported first quarter 2025 financial results, including that '[t]otal revenue decreased (2.7)%' to $1.29 billion for the quarter. The Company stated it 'experienced more normal seasonal trends in the first quarter after multiple years of elevated inventory levels.' On this news, Lineage's stock price fell $8.16, or 14.62%, to close at $47.65 per share on April 30, 2025, thereby injuring investors further. On June 3, 2025, the Company stated at an Investor Conference that there has been 'pretty much flat demand' for Lineage's products and services and that the Company was operating in a 'flattish environment' in terms of demand. The price of Lineage stock has remained substantially below the IPO price at the time of this complaint's filing. What Is The Lawsuit About? The complaint filed in this class action alleges that the Registration Statement made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Lineage was then experiencing sustained weakening in customer demand, as additional cold-storage supply had come on line, the Company's customers destocked a glut of excessive inventory built up during the COVID-19 pandemic, and the Company's customers shifted to maintaining leaner cold-storage inventories on a go-forward basis in response to changed consumer trends; (2) that Lineage had implemented price increases in the lead-up to the IPO that could not be sustained in light of the weakening demand environment facing the Company; (3) that Lineage was unable to effectively counteract the adverse trends listed in the foregoing through the use of minimum storage guarantees or as a result of operational efficiencies, technological improvements, or its purported competitive advantages; (4) that, as a result of the foregoing, rather than enjoying stable revenue growth, high occupancy rates, and steady rent escalation as represented in the Registration Statement, Lineage was in fact suffering from stagnant or falling revenue, occupancy rates, and rent prices; and (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. Contact Us To Participate or Learn More: If you purchased Lineage common stock, wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please click HERE or contact us at: Law Offices of Frank R. Cruz 2121 Avenue of the Stars, Suite 800 Telephone: 310-914-5007 Email: info@ Visit our website at: This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
