INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against Lamb Weston Holdings, Inc. (NYSE: LW); Investors with Losses Encouraged to Discuss Their Options with Counsel

Core Viewpoint - A class action lawsuit has been filed against Lamb Weston Holdings, Inc. for alleged violations of federal securities laws during the Class Period from July 25, 2023, to April 3, 2024, involving significant issues with the implementation of a new ERP system [1][4]. Company Overview - Lamb Weston is a major producer of frozen potato products, supplying to restaurants and retailers globally, with McDonald's being one of its largest customers [3]. Lawsuit Allegations - The lawsuit claims that Lamb Weston and certain executives made false statements regarding the functionality and implementation of a new ERP system, which they knew would face significant challenges [4][8]. - The company asserted that it had "strengthened its operational infrastructure" and only faced "usual bumps" during the ERP system's implementation, misleading investors about its financial guidance for fiscal 2024 [8]. Financial Impact - Following the disclosure of significant challenges in the ERP system's transition, Lamb Weston reported a loss of $135 million in sales during Q3 of fiscal 2024 and reduced its full-year sales guidance by $330 million [14]. - The stock price of Lamb Weston fell by $19.59 per share, representing a decline of over 19% [14].