Press release
Deadline coming up on August 12th in Lawsuit for Investors who lost money with shares of Lamb Weston Holdings, Inc. (NYSE: LW)
A Deadline is coming up on August 12, 2024 in the lawsuit for certain investors in Lamb Weston Holdings, Inc. (NYSE: LW).
Investors who purchased shares of Lamb Weston Holdings, Inc. (NYSE: LW) have certain options and there are strict and short deadlines running. Deadline: August 12, 2024. NYSE: LW stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the District of Idaho the plaintiff alleges on behalf of purchasers of Lamb Weston Holdings, Inc. (NYSE: LW) common shares between July 25, 2023 and April 3, 2024, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between July 25, 2023 and April 3, 2024, the defendants knew of, or recklessly disregarded, problems associated with the ERP system that would hinder its successful implementation, and that despite those issues, Lamb Weston pushed ahead with its implementation of an ERP system that was not ready to go live, knowing that a premature roll-out would have a material negative impact on the Company's business and operations. As a result, the Complaint alleges, the statements concerning its business, operations, and prospects, including its financial guidance for fiscal 2024, lacked a reasonable factual basis. In addition, to the extent the Company purported to warn of risks regarding the negative impacts from an unsuccessful implementation of the ERP system, Defendants omitted that such risks had already begun to materialize.
Those who purchased shares of Lamb Weston Holdings, Inc. (NYSE: LW) 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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