NEW ORLEANS, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 12, 2024 to file lead plaintiff applications in securities class action lawsuits against Lamb Weston Holdings, Inc. (NYSE: LW), if they purchased the Company's shares between July 25, 2023 and July 23, 2024, inclusive (the "Class Period"). These actions are pending in the United States District Court for the Di ...

NEW YORK, Aug. 5, 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=93529&from=4 CLASS PERIOD: July 25, ...

Group 1 - The Rosen Law Firm is reminding purchasers of Lamb Weston Holdings, Inc. common stock from July 25, 2023, to April 3, 2024, about the lead plaintiff deadline on August 12, 2024 [1] - Investors who purchased Lamb Weston common stock during the specified period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed against Lamb Weston, and interested parties can join by contacting the Rosen Law Firm [3] Group 2 - The lawsuit alleges that Lamb Weston made material misrepresentations regarding its new Enterprise Resource Planning (ERP) system, claiming it strengthened operational infrastructure while downplaying implementation issues [5] - As a result of these misrepresentations, Lamb Weston stock traded at artificially inflated prices during the class period, leading to investor damages when the true details were revealed [5] - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements and recognition in the field [4]

Core Viewpoint - Saxena White P.A. has initiated a securities fraud class action lawsuit against Lamb Weston Holdings, Inc. and certain executives, alleging false and misleading statements regarding the implementation of a new Enterprise Resource Planning (ERP) system, which negatively impacted the company's performance during the class period from July 25, 2023, to July 23, 2024 [1][2]. Group 1: Class Action Details - The class action expands the allegations from a previous lawsuit, extending the class period and asserting that the defendants misrepresented the status and risks associated with the ERP system implementation [2]. - Investors wishing to serve as lead plaintiff must file a motion by August 12, 2024, as per the Private Securities Litigation Reform Act [3]. Group 2: Company Background - Lamb Weston, based in Eagle, Idaho, is a major producer of frozen potato products, including French fries, primarily supplying fast-food chains like McDonald's [4]. - The company had previously emphasized the importance of transitioning to an updated ERP system to enhance productivity and reduce costs, but the implementation was paused due to COVID-19 challenges [4]. Group 3: ERP Implementation Issues - By the start of the class period, Lamb Weston announced the completion of design work for its new ERP system, with some central systems transitioned by late November 2023 [5]. - The class action alleges that ongoing issues with the ERP system hindered its successful implementation, and the company proceeded with an unready system, leading to significant operational risks [6]. Group 4: Financial Impact and Stock Performance - The company's financial results revealed a 16% decline in sales volumes for the fiscal third quarter of 2024, with half attributed to unfilled customer orders due to the ERP transition, leading to a $330 million reduction in sales outlook [7]. - Following the release of disappointing results for the fiscal fourth quarter and full year 2024, net sales decreased by $135 million, and sales volume dropped 10% year-over-year, causing a more than 28% decline in stock price [8].

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Lamb Weston To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 investing in Lamb Weston stock or options between July 25, 2023 and April 3, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: w ...

NEW YORK, July 26, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Lamb Weston Holdings, Inc. ("Lamb Weston" or the "Company") (NYSE: LW). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4- POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whether Lamb Weston and cer ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Lamb Weston To Contact Him Directly To Discuss Their Options. According to the Complaint, Defendants made numerous material misrepresentations and omissions regarding the design and implementation of Lamb Weston's new ERP system. Specifically, throughout the Class Period, Defendants represented that, through the design of the Company's new ERP system, Lamb Weston had "strengt ...

Core Viewpoint - Lamb Weston experienced a significant decline in share price, dropping 32% week-to-date following disappointing quarterly results and subsequent analyst downgrades [1][5]. Financial Performance - The company's net sales for the fourth quarter of fiscal 2024 decreased by 5% year-over-year to $1.6 billion [6]. - Non-GAAP (adjusted) net income fell sharply by 40% to just under $114 million [6]. Analyst Reactions - Analysts had anticipated $1.7 billion in revenue and $1.26 per share for adjusted net income, but the company did not meet these expectations [2]. - Following the earnings release, several analysts downgraded their price targets and recommendations for Lamb Weston from buy to hold [3][4]. Market Conditions - CEO Tom Warner noted that the company's price/mix results were below expectations, and there were greater-than-expected market share losses and a slowdown in restaurant traffic in both the U.S. and key international markets [5].

Core Viewpoint - Lamb Weston Holdings, Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934 related to the implementation of a new ERP system, which reportedly caused significant financial losses for the company [1][2][7]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Cleveland Bakers and Teamsters Pension Fund v. Lamb Weston Holdings, Inc., and it allows purchasers of Lamb Weston shares from July 25, 2023, to April 3, 2024, to seek appointment as lead plaintiff by August 12, 2024 [1][4]. - The lawsuit alleges that Lamb Weston and its executives made false or misleading statements regarding the readiness and implementation of the new ERP system, which was not ready for deployment [7]. - On April 4, 2024, Lamb Weston disclosed that the ERP system had significant issues, resulting in a loss of over $130 million in sales during Q3 of fiscal 2024 and a reduction in sales guidance by $330 million for the full fiscal year [8]. Group 2: Financial Impact - The implementation problems with the ERP system led to a more than 19% drop in Lamb Weston’s stock price following the disclosure of these issues [8]. - The lawsuit claims that the defendants were aware of the potential negative impacts of the ERP system's implementation but proceeded regardless, which materially affected the company's business operations [7].

The Chart 1.) I am very disappointed with management, especially for having missed by so much and for two quarters in a row. At this point, it would be good to see them eat their own cooking, and the best way for this to happen is if I see multiple insiders buying Lamb Weston shares in a significant way. Let's not forget, this was a stock trading over $100 per share earlier this year, so if management is not interested in buying shares of the company they run, after it basically gets cut in half in a matter ...