NEW YORK, Sept. 21, 2015 /PRNewswire/ -- The following
statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise
acquired securities of Whole Foods Market, Inc. ("Whole
Foods") (NASDAQGS: WFM) between August 9,
2013 and July 30,
2015.
You are hereby notified that a securities class action
lawsuit has been commenced in the USDC for the Western District of
Texas. If you purchased or
otherwise acquired Whole Foods securities between August 9, 2013 and July
30, 2015, your rights may be affected by this action. To get
more information go to:
http://zlk.9nl.com/whole-foods-market
or contact Joseph E. Levi, Esq.
either via email at jlevi@zlk.com or by telephone at (212)
363-7500, toll-free: (877) 363-5972. There is no cost or
obligation to you.
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.
On July 29, 2015, Whole Foods
announced 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 nearly 12%, to close on July 30,
2015 at $36.08 per share.
If you suffered a loss in Whole Foods you have until
October 5, 2015 to request that
the Court appoint you as lead plaintiff. Your ability to share in
any recovery doesn't require that you serve as a lead
plaintiff.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP