LW - LAMB WESTON ALERT: Bragar Eagel & Squire P.C. Announces that a Class Action Lawsuit Has Been Filed Against Lamb Weston Holdings Inc. and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, June 14, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Lamb Weston Holdings, Inc. ("Lamb Weston" or the "Company") (NYSE:LW) in the United States District Court for the District of Idaho on behalf of all persons and entities who purchased or otherwise acquired Lamb Weston securities between July 25, 2023, and April 3, 2024, both dates inclusive (the "Class Period"). Investors have until August 12, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
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Lamb Weston is the largest producer of frozen potato products in North America and the second largest worldwide. The Company sells its products to restaurants and retailers around the world. One of Lamb Weston's largest customers is fast-food chain, McDonald's.
On July 25, 2023, Lamb Weston announced that it had completed the design phase of a new Enterprise Resource Planning ("ERP") software system that the Company would work to implement across its operations. According to the Company, that new software system would manage and integrate critically important aspects of the Company's business, including, among other things, supplier payments, inventories, warehousing, customer invoicing, and order shipments. Investors were told that the new ...