Core Viewpoint - A class action securities lawsuit has been filed against Lamb Weston Holdings, Inc. due to alleged securities fraud impacting investors between July 25, 2023, and April 3, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the defendants made false or misleading statements regarding the implementation of an Enterprise Resource Planning (ERP) system, which was not ready for deployment [2]. - It is alleged that the company was aware of the issues with the ERP system that would negatively affect its business operations but proceeded with the rollout anyway [2]. - The financial guidance provided for fiscal 2024 was deemed to lack a reasonable factual basis due to these undisclosed risks [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until August 12, 2024, to request appointment as lead plaintiff in the lawsuit [3]. - Participation in any recovery does not require serving as a lead plaintiff [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as a leading securities litigation firm in the United States [4]. Group 4: Cost Structure - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [5].
Shareholders that lost money on Lamb Weston Holdings, Inc. (LW) should contact Levi & Korsinsky about pending Class Action - LW