Case Overview - A class action lawsuit has been filed against Lamb Weston Holdings Inc (NYSE: LW) for alleged material misrepresentations and omissions regarding the design and implementation of its new Enterprise Resource Planning (ERP) system [5] - The Class Period for the lawsuit is between July 25 2023 and April 3 2024 [1] - Investors who purchased Lamb Weston common stock during the Class Period may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement [2] Allegations - Defendants made numerous material misrepresentations and omissions regarding the design and implementation of Lamb Weston's new ERP system [5] - Lamb Weston represented that the new ERP system had strengthened its operational infrastructure and downplayed any implementation issues as usual bumps [5] - The company told investors that its financial guidance for fiscal 2024 appropriately accounted for any negative financial impact associated with the system's deployment [5] - As a result of these misrepresentations Lamb Weston stock traded at artificially inflated prices during the Class Period [5] Legal Action - The Rosen Law Firm is reminding purchasers of Lamb Weston common stock during the Class Period of the important August 12 2024 lead plaintiff deadline [1] - To join the Lamb Weston class action investors can visit https://rosenlegal com/submit-form/?case_id=26209 or call Phillip Kim Esq toll-free at 866-767-3653 [3][6] - A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation and must move the Court no later than August 12 2024 [3] Rosen Law Firm Background - The Rosen Law Firm represents investors throughout the globe concentrating its practice in securities class actions and shareholder derivative litigation [4] - The firm has achieved the largest ever securities class action settlement against a Chinese Company and was ranked No 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017 [4] - In 2019 alone the firm secured over $438 million for investors and has been ranked in the top 4 each year since 2013 [4] - Founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar in 2020 [4]
LW DEADLINE TOMORROW: ROSEN, NATIONAL TRIAL COUNSEL, Encourages Lamb Weston Holdings, Inc. Investors to Secure Counsel Before Important August 12 Deadline in Securities Class Action – LW