May 13, 2026
An Idaho federal judge has largely denied frozen potato products company Lamb Weston Holdings Inc.'s bid to dismiss a proposed shareholder suit accusing it of botching the rollout of an enterprise resource planning system, saying the investors have sufficiently alleged the company sought to downplay challenges after the software went live.
November 13, 2024
Bernstein Litowitz Berger & Grossmann LLP and Grant & Eisenhofer PA have been named lead counsel in a now-consolidated suit in Idaho federal court accusing frozen potato products company Lamb Weston of scorching its revenue projections with the poor implementation of a new software system, leading to a nearly 20% share decline.
June 14, 2024
Potato product manufacturer Lamb Weston has been hit with a proposed shareholder class action in Idaho federal court alleging that it concealed from investors information about the botched implementation of software that had been intended to improve the efficiency of the company's operations but ended up costing the company millions in lost sales.