Glancy Prongay & Murray LLP (“GPM”) announces that it is investigating
potential claims on behalf of investors of Whole Foods Markets, Inc.
("Whole Foods" or the "Company") (NASDAQ: WFM). The investigation
focuses on whether the Company and its officers violated securities laws
by issuing misleading information to investors regarding its business
practices and the impact of an alleged fraudulent weight and pricing
scheme on the Company’s reputation.
On July 29, 2015, after the close of trading, the organic grocer
released lower-than-expected quarterly earnings and fourth-quarter
guidance, which the company attributed in part to the New York City
Department of Consumer Affairs’ complaint that accuses the Company of a
long running scheme to defraud Whole Foods shoppers through mislabeling
product weights.
On this news, the company's shares fell $4.74 per share, or nearly 12%,
to close on July 30, 2015 at $36.08 per share.
If you purchased Whole foods securities, have information or would like
to learn more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Casey Sadler, Esquire, of GPM, 1925 Century Park East,
Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at
888-773-9224, by email to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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