A Deadline is coming up on May 19, 2023 in the lawsuit for certain investors in United Natural Foods, Inc. (NYSE:UNFI).
San Diego, CA -- (SBWIRE) -- 05/16/2023 -- The Shareholders Foundation announced that a deadline is coming up on May 19, 2023 in the lawsuit filed for certain investors of United Natural Foods, Inc. (NYSE: UNFI).
Investors who purchased shares of United Natural Foods, Inc. (NYSE: UNFI) have certain options and there are strict and short deadlines running. Deadline: May 19, 2023. NYSE: UNFI stockholders should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff alleges on behalf of purchasers of United Natural Foods, Inc. (NYSE: UNFI) common shares between March 10, 2021 and March 7, 2023, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 10, 2021 and March 7, 2023, the Defendants failed to disclose to investors that, despite its cost saving Value Path initiative, United Natural Foods had not invested in improving its data management and related infrastructure, that, as a result, the Company could not respond adequately to cost changes, such as inflationary pressure, that, as a result, the Company could not appreciate the benefits of procurement gains and inventory gains achieved during fiscal 2022, that, as a result of the foregoing, the Company's profitability would be materially adversely impacted, and that as a result of the foregoing, Defendant's positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of United Natural Foods, Inc. (NYSE: UNFI) have certain options and should contact the Shareholders Foundation.
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About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.