EQUITY ALERT: The Rosen Law Firm Announces the Filing of a Securities Class Action Lawsuit Against Whole Foods Market, Inc. t...
August 07 2015 - 11:51AM
Business Wire
The Rosen Law Firm, a global investor rights firm, announces
that a class action lawsuit has been filed on behalf of all
purchasers of Whole Foods Market, Inc. (NASDAQ: WFM) securities
from August 9, 2013 through July 30, 2015. The lawsuit seeks to
recover investors’ losses under the federal securities laws.
To join the Whole Foods Market class action, visit the firm’s
website at http://www.rosenlegal.com/cases-683.html, or contact
Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or
via email at pkim@rosenlegal.com or kchan@rosenlegal.com for
information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN
AN ABSENT CLASS MEMBER.
According to the lawsuit, Defendants made false and/or
misleading statements and/or failed to report that: (1) Whole Foods
routinely overstated the weight of its pre-packaged products and
overcharged customers; and (2) consequently, 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 results for the
third-quarter ended July 5, which fell short of expectations. Whole
Foods attributed the sharp decrease in sales growth in the last two
weeks of the quarter to bad publicity over its overcharging of
customers in New York City. On this news, shares of Whole Foods
Market fell $4.74 per share, or 11.61%, to close at $36.08 on July
30, 2015, damaging investors.
If you wish to serve as lead plaintiff, you must move the Court
no later than October 5, 2015. A lead plaintiff is a representative
party acting on behalf of other class members in directing the
litigation. If you wish to join the litigation go to the firm’s
website at http://www.rosenlegal.com/cases-683.html or to discuss
your rights or interests regarding this class action, please
contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm
toll-free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
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version on businesswire.com: http://www.businesswire.com/news/home/20150807005611/en/
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.Tel: 212-686-1060Toll Free: 866-767-3653Fax:
212-202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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