BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Whole Foods Markets, Inc. ("Whole Foods" or the "Company") (NASDAQ: WFM). The investigation focuses on whether the Company and its officers violated securities laws by issuing misleading information to investors regarding its business practices and the impact of an alleged fraudulent weight and pricing scheme on the Company’s reputation.
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’ complaint 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.
If you purchased or otherwise acquired Whole Foods shares, 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at 215-638-4847, toll-free at -888-638-4847, or by e-mail to email@example.com, or visit our website at http://www.howardsmithlaw.com.
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