Press release
Investigation announced for Long-Term Investors in shares of United Natural Foods, Inc. (NYSE: UNFI)
An investigation on behalf of current long term investors in United Natural Foods, Inc. (NYSE: UNFI) shares.
Investors who are current long term investors in United Natural Foods, Inc. (NYSE: UNFI) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: UNFI stocks follows a lawsuit filed against United Natural Foods, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: UNFI stocks, concerns whether certain United Natural Foods, Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that, the Defendants failed to disclose to investors that, despite its cost saving Value Path initiative, United Natural Foods had not invested in improving its data management and related infrastructure, that, as a result, the Company could not respond adequately to cost changes, such as inflationary pressure, that, as a result, the Company could not appreciate the benefits of procurement gains and inventory gains achieved during fiscal 2022, that, as a result of the foregoing, the Company's profitability would be materially adversely impacted, and that as a result of the foregoing, Defendant's positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of United Natural Foods, Inc. (NYSE: UNFI) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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