(MENAFN- Newsfile Corp) United Natural Foods Class Action: Levi & Korsinsky Reminds United Natural Foods, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 19, 2023 - UNFI
New York, New York--(Newsfile Corp. - March 23, 2023) - Levi & Korsinsky, LLP notifies investors in United Natural Foods, Inc. ("United Natural Foods" or the "Company") (NYSE: UNFI) of a class action securities lawsuit.
The lawsuit on behalf of United Natural Foods investors has been commenced in the the United States District Court for the Southern District of New York. Affected investors purchased or otherwise acquired certain United Natural Foods, Inc. securities between March 10, 2021 and March 7, 2023 . Follow the link below to get more information and be contacted by a member of our team:
or contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500. There is no cost or obligation to you.
United Natural Foods, Inc. NEWS - UNFI NEWS
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed 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.
WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in United Natural Foods during the relevant timeframe, you have until May 19, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. Discuss your rights with our legal team without cost or obligation.
PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form or call 212-363-7500 to discuss the case.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
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