Core Viewpoint - The Lamb Weston Holdings, Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, primarily related to the problematic implementation of a new Enterprise Resource Planning (ERP) system, which has resulted in significant financial losses for the company [1][4][5]. Company Overview - Lamb Weston is a food processing company and a major producer of frozen potato products [3]. Class Action Details - The class action lawsuit is titled Cleveland Bakers and Teamsters Pension Fund v. Lamb Weston Holdings, Inc., and it covers purchasers of Lamb Weston shares from July 25, 2023, to April 3, 2024 [1]. - Investors have until August 12, 2024, to seek appointment as lead plaintiff in the lawsuit [2][6]. Allegations Against the Company - The lawsuit alleges that Lamb Weston and its executives made false or misleading statements regarding the readiness and implementation of the ERP system [4]. - It is claimed that the company was aware of issues with the ERP system that would hinder its successful implementation but proceeded with the rollout anyway [4]. - On April 4, 2024, Lamb Weston disclosed significant problems with the ERP system, leading to a loss of over $130 million in sales during Q3 of fiscal 2024 and a reduction in sales guidance by $330 million [5]. Financial Impact - Following the disclosure of the ERP issues, Lamb Weston’s stock price fell by more than 19% [5].

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 ORLEANS, Aug. 07, 2024 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds 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 District of Idaho. Get Help Lamb Weston investors should ...

NEW YORK, Aug. 07, 2024 (GLOBE NEWSWIRE) -- 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=94044&from=3 CLASS PERIOD: July ...

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Lamb Weston Holdings, Inc. due to significant financial losses attributed to issues with the company's new ERP system implementation [2][3][4]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi is encouraging investors who suffered losses exceeding $100,000 in Lamb Weston stock or options between July 25, 2023, and April 3, 2024, to discuss their legal rights [1][2]. - There is an August 12, 2024, deadline for investors to seek the role of lead plaintiff in a federal securities class action against Lamb Weston [2][5]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [2]. Group 2: Financial Impact and Company Performance - Lamb Weston faced significant challenges during the transition to its new ERP system, leading to a loss of $135 million in sales during Q3 of fiscal 2024 [4]. - The company had to reduce its sales guidance for the full fiscal year by $330 million due to the ERP system issues [4]. - Following the disclosure of these challenges, Lamb Weston's stock price fell by $19.59 per share, or over 19%, closing at $81.53 on April 4, 2024 [4]. Group 3: Misrepresentation Allegations - The complaint alleges that Lamb Weston made material misrepresentations regarding the design and implementation of its new ERP system, claiming it had strengthened its operational infrastructure [3]. - The company downplayed the issues encountered during the ERP system's implementation as "usual bumps" and assured investors that its financial guidance accounted for any negative impacts [3]. Group 4: Whistleblower and Information Gathering - Faruqi & Faruqi encourages anyone with information regarding Lamb Weston's conduct, including whistleblowers and former employees, to contact the firm [6].

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 ...