Recent Security Class Actions

Lamb Weston Holdings Inc. Common Stock (NYSE: LW)

Company Name:Lamb Weston Holdings Inc. Common Stock
Stock Symbol:NYSE: LW
Class Period Start:07/25/2023
Class Period End (inclusive):07/23/2024
Filing Deadline:08/12/2024

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