WFM Whole Foods Market, Inc.

Hagens Berman Sobol Shapiro LLP, a national investor-rights law firm, reminds investors of the October 5, 2015 lead plaintiff deadline in the securities fraud class action lawsuit filed against Whole Foods Market (NASDAQ:WFM) (“Whole Foods” or “the Company”). If you have losses in Whole Foods securities during the Class Period contact Hagens Berman Partner Reed Kathrein, who is leading the firm’s investigation, by calling (510) 725-3000, emailing WFM@hbsslaw.com or visiting http://hb-securities.com/investigations/WFM.

The lawsuit, pending in U.S. District Court for the Western District of Texas, is filed on behalf of investors who purchased Whole Foods securities between August 9, 2013 and July 30, 2015, inclusive, (the “Class Period”).

The lawsuit is based on Whole Foods’ failure to disclose that the Company repeatedly overstated the weight of its pre-packaged products, and overcharged consumers, and failed to take corrective action. 

In 2014, Whole Foods agreed to pay $800,000 after an investigation found that the supermarket chain similarly overcharged customers in California. Whole Foods also agreed to a five-year injunction that requires accurate pricing, increased monitoring of its pricing practices and random audits.

To the surprise of investors, on June 25, 2015, the New York City Department of Consumer Affairs (“NYCDA”) announced it too had uncovered systematic overcharging for pre-packaged foods at Whole Foods’ eight New York City locations. Then on July 29, 2015, Whole Foods attributed its lower-than-expected quarterly results to the news of the NYCDA investigation, and the overcharging revelations. Glenda Flanagan, the company's Chief Financial Officer and Executive Vice President stated, “[t]he impact was really felt across the whole country, not in New York City. This was national news.” On this adverse news, Whole Foods’ stock fell $4.74 per share, or 11.61%, to close at $36.08 on July 30, 2015.

If you have significant losses in Whole Foods stock between August 9, 2013 and July 30, 2015, and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

Whistleblowers: Persons with non-public information regarding Whole Foods should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at (510) 725-3000 or email WFM@hbsslaw.com.

About Hagens Berman

Hagens Berman Sobol Shapiro LLP is an investor-rights class-action law firm with offices in ten cities nationally. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at www.hbsslaw.com. Read the firm’s Securities Newsletter at http://www.hb-securities.com/newsletter. For the latest news from Hagens Berman, visit http://www.hbsslaw.com/newsroom or follow us on Twitter at @hagensberman.

Contact:
Reed Kathrein, (510) 725-3000