NEW YORK, May 16, 2023 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of United Natural Foods, Inc. (NYSE: UNFI) alleging that the Company violated federal securities laws.

Class Period: March 10, 2021 to March 7, 2023
Lead Plaintiff Deadline: May 19, 2023
No obligation or cost to you.

Learn more about your recoverable losses in UNFI:
https://www.kleinstocklaw.com/pslra-1/united-natural-foods-inc-lawsuit-submission-form?id=39395&from=4

United Natural Foods, Inc. NEWS - UNFI NEWS

CLASS ACTION CASE DETAILS: The filed complaint alleges that United Natural Foods, Inc. made materially false and/or misleading statements and/or failed 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, 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 YOU AS A SHAREHOLDER: If you have suffered a loss in United Natural Foods you have until May 19, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased United Natural Foods securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.

HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the UNFI lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/united-natural-foods-inc-lawsuit-submission-form?id=39395&from=4.

ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
535 Fifth Avenue
4th Floor
New York City, NY 10017
[email protected]
Telephone: (212) 616-4899
www.kleinstocklaw.com

View original content:https://www.prnewswire.com/news-releases/unfi-alert-the-klein-law-firm-announces-a-lead-plaintiff-deadline-of-may-19-2023-in-the-class-action-filed-on-behalf-of-united-natural-foods-inc-shareholders-301825430.html

SOURCE The Klein Law Firm