NEW YORK, June 28, 2024 (GLOBE NEWSWIRE) — Lowey Dannenberg PC, a leading law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against Lamb Weston Holdings, Inc. (“Lamb Weston” or the “Company”) (NYSE: LW) for violations of the federal securities laws on behalf of investors who purchased or acquired Lamb Weston common stock between July 25, 2023 and April 3, 2024, inclusive (the “Class Period”).
On May 24, 2024, a lawsuit was filed against the Company and certain of its current officers, alleging that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Defendants knew of or recklessly ignored issues related to the ERP System that would hinder its successful implementation; (ii) Lamb Weston pushed for the implementation of an ERP System that was not yet operational despite those issues, knowing that premature implementation would have a material adverse effect on Lamb Weston’s business and operations; and (iii) to the extent that Lamb Weston allegedly warned of the risks regarding the adverse effects of an unsuccessful implementation of the ERP System, Defendants failed to disclose that those risks had already materialized.
When investors learned the truth, Lamb Weston’s common stock plummeted, hurting investors.
If you suffered a loss of more than $100,000 in Lamb Weston securities and would like to participate or learn more, click here or contact our attorneys at (914) 733-7256 or by email at Andrea Farah ([email protected]) or Vincent R. Cappucci Jr. ([email protected]).
Any investor wishing to serve as lead plaintiff must 12 August 2024.
About Lowey Dannenberg
Lowey Dannenberg is a national law firm that represents institutional and private investors who have suffered financial losses as a result of corporate fraud and abuse of authority in violation of the federal securities and antitrust laws. The firm has extensive experience in prosecuting multimillion-dollar claims and has recovered billions of dollars on behalf of its clients.
Contact:
Lowey Dannenberg PC
44 South Broadway, Suite 1100
White Plains, NY 10601
Phone: (914) 733-7234
Email: [email protected]
SOURCE: Lowey Dannenberg PC
