Schubert Jonckheer & Kolbe LLP is investigating Lamb Weston Holdings, Inc. for potential securities fraud. The probe focuses on disclosures regarding the company’s enterprise resource planning (ERP) software rollout.
The investigation examines how software issues impacted inventory visibility and customer order fulfillment. Allegations suggest these failures led to lost sales and artificially inflated stock prices. These claims cover the period between July 2023 and December 2024. A recent court ruling allowed key claims in a related securities fraud lawsuit to proceed against the company and its former executives.
Separately, SEC filings show Grandfield & Dodd LLC established a new position in Lamb Weston during the second quarter. The institutional investor purchased 294,958 shares. This position is valued at approximately $12.74 million. The move makes the firm a 0.21% owner of the company.