The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired
securities of Whole Foods Market, Inc. (“Whole Foods”) (NASDAQGS:
WFM) between August 9, 2013 and July 30, 2015.
You are hereby notified that a securities class action lawsuit
has been commenced in the USDC for the Western District of Texas. If you
purchased or otherwise acquired Whole Foods securities between August 9,
2013 and July 30, 2015, your rights may be affected by this action. To
get more information go to:
http://zlk.9nl.com/whole-foods-market
or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There
is no cost or obligation to you.
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.
On July 29, 2015, Whole Foods announced 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 nearly 12%, to close on July 30, 2015 at $36.08
per share.
If you suffered a loss in Whole Foods you have until October
5, 2015 to request that the Court appoint you as lead
plaintiff. Your ability to share in any recovery doesn’t require that
you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm’s attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. Attorney advertising. Prior results
do not guarantee similar outcomes.
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