LW INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Lamb Weston Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Case

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].