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Ofi Invest Asset Management, et al v. Lamb Weston Holdings, Inc. et al
Case Number:
1:24-cv-00282
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Bernstein Litowitz
- Grant & Eisenhofer
- Hach Rose Schirripa
- Hawley Troxell
- Jones Day
- Mooney Wieland
- Nevin Benjamin
- Winston & Strawn
Companies
Sectors & Industries:
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November 13, 2024
2 Firms Tapped To Lead French Fry Maker Investor Suit
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 Co.'s Software Rollout Fried Its Revenue, Suit Says
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.