San Diego, CA -- (SBWire) -- 06/09/2023 --An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of United Natural Foods, Inc..
Investors who are current long term investors in United Natural Foods, Inc. (NYSE: UNFI) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NYSE: UNFI stocks follows a lawsuit filed against United Natural Foods, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: UNFI stocks, concerns whether certain United Natural Foods, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that, 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.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
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.
United Natural Foods, Inc. (NYSE:UNFI) Long Term Shareholder Notice: Investigation over Possible Wrongdoing
An investigation on behalf of current long term investors in United Natural Foods, Inc. (NYSE:UNFI) shares over possible breaches of fiduciary duty by certain officers and directors was announced.