Law firm investigates Lamb Weston over failed ERP system causing $135M sales loss

Bragar Eagel & Squire, P.C. is investigating Lamb Weston Holdings for potential breaches of fiduciary duty related to the failed rollout of a new ERP system. The system issues caused Lamb Weston to lose $135 million in net sales and led to a $19.59 per share stock price drop after the company disclosed significant operational problems and reduced its 2024 sales guidance by $330 million. The investigation follows a class action complaint covering July 2023 to April 2024, alleging the company misled investors about the ERP system's impact. Long-term shareholders affected by the losses are encouraged to contact the law firm for legal options.