LAMB WESTON SHAREHOLDER WARNING FROM FORMER LOUISIANA ATTORNEY

NEW ORLEANS, July 9, 2024 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they have until 12 August 2024 to serve as lead plaintiff in a class action lawsuit against Lamb Weston Holdings, Inc. (NYSE: LW) if they purchased the Company’s stock between July 25, 2023 and April 3, 2024, inclusive (the “Class Period”). This action is pending in the United States District Court for the District of Idaho.

What you can do

If you purchased Lamb Weston stock and would like to discuss your legal rights, how this case affects you and your right to recover your economic loss, you may contact KSF Managing Partner Lewis Kahn without obligation and at no cost. He can be reached toll-free at 1-877-515-1850 or by email ([email protected]) or visit https://www.ksfcounsel.com/cases/nyse-lw/ to learn more. If you wish to serve as lead plaintiff in this class action, you must move the Court by 12 August 2024.

About the lawsuit

Lamb Weston and certain of its executives are alleged to have failed to disclose material information during the Class Period, in violation of the federal securities laws.

On April 4, 2024, the Company announced that it had encountered significant issues in transitioning to a new enterprise resource planning software (“ERP”) system, resulting in revenue losses of $135 million in the third quarter of fiscal year 2024 and requiring a reduction of $330 million in revenue guidance for the full fiscal year.

On this news, Lamb Weston’s stock price fell by $19.59 per share, or over 19%.

The case is Cleveland Bakers and Teamsters Pension Fund v. Lamb Weston Holdings, Inc., No. 24-cv-282.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading boutique securities litigation firms. KSF serves a wide range of clients – including public institutional investors, hedge funds, asset managers and individual investors – in recovering investment losses resulting from corporate fraud or abuse of authority by publicly traded companies. KSF maintains offices in New York, Delaware, California, Louisiana and New Jersey.

To learn more about KSF, visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163