SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Whole Foods Market, Inc. of Pendency of Class Action Lawsuit...
October 01 2015 - 4:30PM
Business Wire
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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version on businesswire.com: http://www.businesswire.com/news/home/20151001006792/en/
Levi & Korsinsky, LLPJoseph E. Levi, Esq.Tel:
212-363-7500Toll Free: 877-363-5972Fax: 212-363-7171www.zlk.com
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