Rosen Law Firm, a global investor rights law firm, announces to investors that a shareholder filed a class action on behalf of all purchasers of common stock of Lamb Weston Holdings, Inc. (NYSE: LW) between July 25, 2023 and April 3, 2024. Lamb Weston is a large producer of frozen potato products.
For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653.
The Allegations: Rosen Law Firm is Investigating the Allegations that Lamb Weston Holdings, Inc. (NYSE: LW) Misled Investors Regarding its Business Operations.
According to the lawsuit, defendants throughout the Class Period made numerous material misrepresentations and omissions regarding the design and implementation of Lamb Weston’s new Enterprise Resource Planning (“ERP”) system. Specifically, throughout the Class Period, defendants represented that, through the design of Lamb Weston’s new ERP system, Lamb Weston had “strengthen[ed] [its] operational infrastructure.” Lamb Weston also downplayed any issues it experienced with the implementation of the system as merely “usual bumps,” and told investors that its financial guidance for fiscal 2024 appropriately accounted for any negative financial impact associated with the system’s deployment. As a result of these misrepresentations, Lamb Weston stock traded at artificially inflated prices during the Class Period.
What Now: You may be eligible to participate in the class action against Lamb Weston. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by August 12, 2024. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About Rosen Law: Some law firms issuing releases about this matter do not actually litigate securities class actions; Rosen Law Firm does. A recognized leader in shareholder rights litigation, the attorneys and staff of Rosen Law Firm have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing. Since our inception, we have obtained over $1 billion for shareholders.
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