UNFI LAWSUIT ALERT: Levi & Korsinsky Reminds United Natural Foods, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

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NEW YORK, April 14, 2023 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in United Natural Foods, Inc. (“United Natural Foods” or the “Company”) (NYSE: UNFI) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of UNFI investors who purchased or otherwise acquired certain United Natural Foods, Inc. securities between March 10, 2021 and March 7, 2023.

https://zlk.com/pslra-1/united-natural-foods-inc-lawsuit-submission-form?prid=38051&wire=3

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UNFI investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

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’S NEXT? If you suffered a loss in United Natural Foods during the relevant time frame, 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. There is no cost or obligation to participate.

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, 4th Floor Suite #427
New York, NY 10006
[email protected] 
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com 

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