Lamb Weston Holdings Sued for Securities Fraud - Investors Urged to Contact Advisor
Class Action Lawsuit Accuses Company of Misleading Investors
New York, NEW YORK – [DATE] –
Levi Korsinsky, LLP notifies investors in Lamb Weston Holdings Inc. ("Lamb Weston" or "the Company") (NYSE: LW) of a class action lawsuit charging the Company and certain of its officers with violations of federal securities laws.
On May 10, 2024, Lamb Weston issued a press release announcing that the Company would restate its financial statements for the fiscal years ended May 31, 2022 and 2023, due to an accounting error. The Company also disclosed that it was conducting an internal investigation into the matter.
The lawsuit alleges that, throughout the Class Period, the defendants made materially false and misleading statements regarding the Company's business, operations, and financial condition. Specifically, the lawsuit alleges that the defendants failed to disclose that:
- The Company had been improperly accounting for certain expenses, which inflated the Company's reported earnings.
- The Company's internal controls over financial reporting were inadequate.
- As a result of the foregoing, the Company's financial statements were materially false and misleading.
As a result of the Company's alleged misconduct, investors suffered significant losses. The lawsuit seeks to recover damages for investors who purchased or otherwise acquired Lamb Weston securities between May 10, 2022 and May 10, 2024.
If you suffered a loss on your investment in Lamb Weston Holdings Inc., you may be entitled to compensation. To learn more about the case, please contact the attorneys handling this matter:
Levi Korsinsky, LLP
55 Broadway, 10th Floor
New York, NY 10006
(212) 363-7500
Toll Free: (800) 633-2574
Email: securities@korsinsky.com
You may also visit our website at www.korsinsky.com to learn more about this case and to participate in the class action.
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