LAMB WESTON SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Lamb Weston Holdings, Inc. - LW

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NEW ORLEANS, June 26, 2024 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until August 12, 2024 to file lead plaintiff applications in a securities class action lawsuit against Lamb Weston Holdings, Inc.(NYSE: LW), if they purchased the Company’s shares between July 25, 2023 and April 3, 2024, inclusive (the "Class Period”).

On April 4, 2024, the Company disclosed that it had experienced significant problems with its transition to a new Enterprise Resource Planning ("ERP”) software system, which caused the Company to lose $135 million in sales during the third quarter of fiscal 2024 and necessitated a $330 million reduction to its sales guidance for the full fiscal year.

About the Lawsuit Lamb Weston and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

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Author / Journalist: SkyMedia, LLC

Category: Technology

Markets: ChinaUnited States

Topics: Free Holdings Action Investors Claimsfiler Securities Information Weston Lamb Class 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-27 @ 02:51:00 (3 days ago)

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News Source URL: globenewswire.com

Language: English

Article Length: 337 words

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