Law
Offices of Howard G. Smith reminds investors that class
action lawsuit has been filed on behalf of investors of Whole Foods
Market, Inc. (“Whole Foods” or the “Company”) (NASDAQ:WFM) who purchased
shares between August 9, 2013 and July 30, 2015 inclusive (the “Class
Period”). Whole Foods investors have until October 5, 2015 to
file a lead plaintiff motion, and are encouraged to contact Howard G.
Smith, Esq. to discuss their legal rights in the pending class action.
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’ allegations 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.
The Complaint alleges that Whole Foods misled investors by failing to
adequately disclose that (i) the Company routinely overstated the weight
of its pre-packaged products and overcharged customers; and (ii) as a
result of the foregoing, Defendants’ statements about Whole Foods’
business, operations, and prospects were false and misleading and/or
lacked a reasonable basis.
If you purchased shares of Whole Foods during the Class Period, have
information or would like to learn more about these claims, or have any
questions concerning this announcement, you are encouraged to contact
Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070
Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at
(215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150928006138/en/
Copyright Business Wire 2015