NEW
YORK, July 12, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of Lamb
Weston Holdings, Inc. (NYSE: LW).
Shareholders who purchased shares of LW during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/lamb-weston-holdings-loss-submission-form/?id=90342&from=4
CLASS PERIOD: July 25, 2023
to April 3, 2024
ALLEGATIONS: According to the filed complaint, defendants
made false and/or misleading statements and/or failed to disclose
that: In truth, defendants knew of, or recklessly disregarded,
problems associated with the Enterprise Resource Planning (ERP)
system that would hinder its successful implementation. 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 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.
DEADLINE: August 12, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/lamb-weston-holdings-loss-submission-form/?id=90342&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of LW during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is August 12, 2024. There is no cost or obligation
to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm