Roy Jacobs & Associates Files Class Action On Behalf of Purchasers of Supervalu Inc....

Roy Jacobs & Associates Files Class Action On Behalf of Purchasers of Supervalu
Inc. Securities -- SVU

NEW YORK, July 13, 2009 (GLOBE NEWSWIRE) -- Roy Jacobs & Associates announces
that it has filed a class action in the United States District Court for the
Southern District of New York alleging the violation of the federal securities
laws on behalf of purchasers of the common stock of Supervalu Inc. ("Supervalu"
or the "Company") (NYSE:SVU) during the period from April 23, 2009 through June
23, 2009.

For further information, please contact Roy L. Jacobs, Esq. toll-free at
1-888-884-4490 or by e-mail to rjacobs@jacobsclasslaw.com. You may also visit
the Firm's website at www.jacobsclasslaw.com.

The Complaint alleges that the Company disseminated unreasonable highly positive
guidance for the Company's financial performance for fiscal 2010, in order to
close a $1 billion note offering in May 2009. Indeed, positive guidance on April
23 generated such interest in the Company it was able to offer $500 million in
new notes and almost immediately increased the offering to $1 billion. On May 7,
2009, the Company announced the completion of its $1 billion note offering,
which was needed to retire existing outstanding indebtedness of the Company
which was shortly coming due.

Then, after the refinancing was complete, on June 24, 2009, the Company revealed
that first quarter 2010 earnings would be substantially below expectations, and
that the previous fiscal 2010 guidance would be updated in light of an
unexpectedly poor first quarter. As a result, Supervalu shares dropped almost
12% on very heavy trading volume.

If you purchased Supervalu common stock during the period from April 23, 2009
through June 23, 2009, have suffered a loss, and you are interested in
discussing your rights free of charge, please contact Roy L. Jacobs. Mr. Jacobs
will be glad to personally speak with you. All motions for Lead Plaintiff must
be filed no later than September 11, 2009. You are not required to have sold
your shares to seek damages or to serve as a Lead Plaintiff.

You may also sign up at our website at www.jacobsclasslaw.com.

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CONTACT: Roy Jacobs & Associates
Roy L. Jacobs, Esq.
1-888-884-4490
rjacobs@jacobsclasslaw.com
www.jacobsclasslaw.com