
10:38 ET Kuehn Law Encourages Investors of United Natural Foods, Inc. to Contact Law Firm

Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by officers and directors of United Natural Foods, Inc. (NYSE: UNFI). A federal securities lawsuit claims that insiders misrepresented the company's investment in data management, leading to inadequate responses to cost changes and negatively impacting profitability. Shareholders who purchased UNFI shares before March 10, 2021, are encouraged to contact Kuehn Law for potential legal action, as there may be limited time to enforce their rights. Kuehn Law covers all case costs for clients.
, /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of United Natural Foods, Inc. (NYSE: UNFI) breached their fiduciary duties to shareholders.
According to a federal securities lawsuit, Insiders at United Natural Foods caused the company to misrepresent or fail 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, positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
If you currently own UNFI and purchased prior to March 10, 2021 please contact Justin Kuehn, Esq. here, by email at [email protected] or call (833) 672-0814. Kuehn Law pays all case costs and does not charge its investor clients. Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
Why Your Participation Matters:
As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™
For additional information, please visit Shareholder Derivative Litigation - Kuehn Law.
Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts:
Kuehn Law, PLLC
Justin Kuehn, Esq.
53 Hill Street, Suite 605
Southampton, NY 11968
[email protected]
(833) 672-0814
SOURCE Kuehn Law, PLLC

