NEW YORK--(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.
