A US law firm has announced that it has filed a class action suit on behalf of Winn-Dixie investors alleging that the US supermarket operator failed to disclose financial problems.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The lawsuit, filed in the US District Court for the Middle District of Florida, alleges that between 9 October 2002 and 29 January 2004 Winn-Dixie was suffering from substantial undisclosed long-term business and financial problems and that former CEO Allen Rowland continued to tell investors that Winn-Dixie was capitalising on its strategic marketing plan.


In June 2003, Rowland stepped down as CEO and his successor, Frank Lazaran, ordered a comprehensive review of Winn-Dixie’s “entire business model”. The lawsuit claims that even while this restructuring was underway, Winn-Dixie and Lazaran repeatedly told the public that the company was successfully executing its sales and marketing plan.


On 30 January 2004, Winn-Dixie announced an unexpected $79.5m loss for its second fiscal quarter ended 7 January 2004, sending shares plummeting.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now