GPM Announces Investigation of Potential Claims on Behalf of Whole Foods Market, Inc. Investors

LOS ANGELES--(BUSINESS WIRE)-- 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 [email protected], 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150909005638/en/

Glancy Prongay & Murray LLP, Los Angeles
Casey Sadler, 310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com

Source: Glancy Prongay & Murray LLP

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