Mostly sunny. High 81F. Winds NNW at 5 to 10 mph.. A mostly clear sky. Low 61F. Winds light and variable. Updated: July 11, 2024  3:10 am. . NEW ORLEANS, July 02, 2024 GLOBE NEWSWIRE  Kahn Swick  Foti, LLC  KSF  and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind 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 . This action is pending in the United States District Court for the District of Idaho. . What You May Do. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by August 12, 2024. 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. 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. The case isCleveland Bakers and Teamsters Pension Fund v. Lamb Weston Holdings, Inc.,No. 24cv282. About Kahn Swick  Foti, LLC. KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation s premier boutique securities litigation law firms. KSF serves a variety of clients including public institutional investors, hedge funds, money managers and retail investors in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana and New Jersey. Contact:. Kahn Swick  Foti, LLC. Lewis Kahn, Managing Partner. lewis.kahnksfcounsel.com. 18775151850. 1100 Poydras St., Suite 960. New Orleans, LA 70163. . . Copyright 2024 GlobeNewswire, Inc. a retired Marshall University professor, and native of Princeton, WV, passed July 7. Memorial service 4 p.m. Friday, July 12, at Chapman Mortuary, Huntington. Interment of ashes in Damewood family plot, Resthaven Memorial Park, Princeton. . 90, formerly of Bluefield, passed away July 2. Service 11:30 a.m. Tuesday, July 9, at Christ Episcopal Church, 200 Duhring St., Bluefield, WV, 24701. of Princeton, formerly of Kellysville, WV, passed away July 4. Burial in New Zion Cemetery. Sorry, there are no recent results for popular videos. First Amendment:Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances. Your browser is out of date and potentially vulnerable to security risks.We recommend switching to one of the following browsers:
Investors have until August 12, 2024, to file lead plaintiff applications in a securities class action lawsuit against Lamb Weston Holdings, Inc. The lawsuit alleges the company failed to disclose material information, causing a significant drop in share price. Kahn Swick Foti, LLC is representing the case, and investors wishing to participate must petition the court by the deadline.