NEW
YORK, March 31, 2023 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of United Natural Foods, Inc.
(NYSE: UNFI).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/united-natural-foods-inc-lawsuit-submission-form/?id=37915&from=4
The lawsuit seeks to recover losses for shareholders who
purchased United Natural Foods between March
10, 2021 and March 7, 2023.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
May 19, 2023 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, United Natural Foods, Inc.
issued materially false and/or misleading statements and/or failed
to disclose that: (1) despite its cost-saving Value Path
initiative, United Natural Foods had not invested in improving its
data management and related infrastructure; (2) as a result, the
Company could not respond adequately to cost changes, such as
inflationary pressure; (3) as a result, the Company could not
appreciate the benefits of procurement gains and inventory gains
achieved during fiscal 2022; (4) as a result of the
foregoing, the Company's profitability would be materially
adversely impacted; and (5) 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.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
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SOURCE Jakubowitz Law