SAN DIEGO, July 26, 2023 (GLOBE NEWSWIRE) --
United Natural Foods, Inc. (: UNFI)
Johnson Fistel, LLP is investigating potential claims on behalf of United Natural Foods, Inc. (: UNFI).
If you are a current, long-term shareholder of United Natural Foods holding shares before March 10, 2021, you can click or copy and paste the link below in a browser to join this action:
https://www.cognitoforms.com/JohnsonFistel/UnitedNaturalFoodsInc
Recently a class action lawsuit was filed against United Natural Foods. 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.
Target Corporation (: TGT)
Johnson Fistel, LLP is investigating potential claims on behalf of Target Corporation (: TGT).
If you are a current, long-term shareholder of Target, continuously holding your shares since August 18, 2021, you may have standing to hold the company harmless from the alleged harm caused by the Company's officers and directors by making them personally responsible. You may also be able to assist in reforming the Company's corporate governance to prevent future wrongdoing. You can click or copy and paste the link below in a browser to join this action:
https://www.johnsonfistel.com/investigations/target
Recently a class action lawsuit was filed against Target. The class action lawsuit alleges, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Target's strategy for mitigating supply-chain constraints by over-ordering inventory had severely limited Target's ability to timely respond to evolving consumer behavior; (ii) consequently, the purported "massive influx of insights" gained from the extraordinary heightened demand during the pandemic could not be leveraged by Target to react to rapidly changing trends; and (iii) as a result of Target's inability to timely react to changes in consumer trends, Target's sales declined and Target was left with an overabundance of inventory, forcing Target to take large markdowns, and severely impacting Target's financial results.
Hyatt Hotels Corporation (: H)
Johnson Fistel, LLP is investigating potential claims on behalf of Hyatt Hotels Corporation (“Hyatt” or “the Company”) (: H) against certain of its officers and directors.
If you have continuously owned Hyatt shares, you can click or copy and paste the link below in a browser to join this action:
https://www.johnsonfistel.com/investigations/hyatt-hotels
On May 16, 2023, it was reported that Texas Attorney General Ken Paxton is suing Hyatt Hotels for violating state law by "marketing hotel rooms at prices that were not available to the public," according to the lawsuit.
Redwire Corporation (: RDW)
Johnson Fistel, LLP is investigating potential claims on behalf of Redwire Corporation (“Redwire” or the “Company”) (: RDW) against certain of its officers and directors.
If you are a current, long-term shareholder of Redwire, continuously holding your shares since August 11, 2021, you may have standing to hold the company harmless from the alleged harm caused by the Company's officers and directors by making them personally responsible. You may also be able to assist in reforming the Company's corporate governance to prevent future wrongdoing. You can click or copy and paste the link below in a browser to join this action:
https://www.johnsonfistel.com/investigations/redwire-corporation-investigation
Recently a class action complaint was filed against the company. The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) that there were accounting issues at one of Redwire’s subunits; (2) that, as a result, there were additional material weaknesses in Redwire’s internal control over financial reporting; and (3) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. Johnson Fistel seeks to recover losses incurred due to violations of federal securities laws. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, Lead Securities Analyst
Telephone: (619) 814-4471
Email: [email protected]
