When is the timeline for any settlement or court ruling that could materialize into market‑moving events?

Timeline outlook – The press release was issued on Sept. 3 2025 and references the securities‑law suit that stems from the July 2024 IPO registration statement. No specific deadline or court‑set hearing date is disclosed, which is typical for investor‑rights actions that are filed under the federal securities statutes. In practice, a class‑action of this size usually moves through the “discovery” phase for 6‑12 months, after which the parties either negotiate a settlement or the case proceeds to a dispositive motion or trial. Consequently, the earliest realistic market‑moving catalyst would be a settlement offer or a court‑ordered ruling sometime in the **late 2025 to early 2026 window (roughly Q4 2025 – Q1 2026). If the parties reach a settlement, a Form 8‑K filing would be required within four business days, triggering an immediate price reaction.

Trading implications – Until that filing materializes, the stock is likely to trade on a “wait‑and‑see” basis, with the short‑term bias dictated more by technicals than fundamentals. LINE is currently near a key psychological level around $6.20 (≈ 20‑day EMA) and has been testing a descending‑channel lower trendline that was established after the IPO. Volume has been thin, suggesting that any news‑driven spike could be amplified. Traders could consider a defensive straddle (buying ATM call and put options with an expiration around the end of Q1 2026) to capture upside or downside from a settlement announcement, while keeping the underlying position modest (e.g., 5‑10 % of the portfolio) given the high legal uncertainty. If the stock breaks decisively above the $6.20 EMA on volume, a longer‑dated call spread (e.g., $6.50/$7.50) could be justified; conversely, a breach below the lower channel with strong sell pressure would merit a protective put or a short‑term bear put spread. Monitoring SEC filings (8‑K, 10‑Q) and docket updates from the Southern District of New York will be essential for timing any entry or exit.