An investigation on behalf of SVU long term investors and investors, who purchased common stock of Supervalu Inc. (NYSE:SVU) during the period from April 23, 2009 through June 23, 2009, over possible claims for the violation of the federal securities laws by SUPERVALU INC was announced.

According to the investigation by a law firm the investigation focuses on allegations that Supervalu Inc. disseminated highly positive guidance for the Company's financial performance for fiscal 2010 which may have been unsupported in order to close a $1 billion note offering in May 2009. Subsequent to the release of the positive guidance on April 23, 2009, Supervalu Inc was able to increase the offering from $500 million.

Then on May 7, 2009, Supervalu Inc announced the completion of its $1 billion note offering, which was needed to refund existing outstanding indebtedness of Supervalu Inc which was shortly coming due. Then, after the refinancing was complete, on June 24, 2009, so the investigation, Supervalu Inc revealed that first quarter 2010 earnings would be substantially below expectations, and that the previous guidance would be updated, and as a result, Supervalu shares dropped almost 12% on very heavy trading volume.

Shares of Supervalu Inc. (NYSE:SVU) closed on June 23, 2009 before the announcement at over $16 per share and dropped on June 24, 2009 to $13.60 per share. Shares of Supervalu Inc. (NYSE:SVU) reached a 52weekHigh of $32.89 per share, $ 35.31 in May 2008, and over $48 per share in 2007. SUPERVALU INC. is located in Eden Prairie, MN and is a grocery channel that conducts its retail operations under different banners. Additionally, the Company provides supply chain services, primarily wholesale distribution, across the United States retail grocery channel. SUPERVALU INC. has 178,000 employees and reported $44.048billion in Total Revenue with a net income of $ 593million in 2007 and a Total Revenue of $44.564billion in 2008.