GPM Reminds Whole Foods Market, Inc. Investors Of the October 5th Deadline
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LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming October 5, 2015 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the “Class”) of purchasers of the securities 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”) and have been damaged by the recent declines in the Company’s stock price.
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 or your rights or interests with respect to these matters, please contact Lesley Portnoy, 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/20150930006291/en/
Glancy Prongay & Murray, Los Angeles
Lesley Portnoy,
310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com
Source: Glancy Prongay & Murray
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