DALLAS--(BUSINESS WIRE)--Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor LLP announce that a federal class action lawsuit has been filed against Whole Foods Market, Inc. (“Whole Foods” or “Company”) (NASDAQ: WFM) and several officers and directors for acts taken during the period of August 9, 2013 and July 30, 2015 (the “Class Period”).
Based upon the allegations in the class action, the firms are investigating additional legal claims against the officers and Board of Directors of Whole Foods. If you are an affected Whole Foods shareholder and want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at firstname.lastname@example.org, Patrick Powers at Powers Taylor LLP via email at email@example.com, or call toll free at (877) 728-9607. There is no cost or fee to you.
In the complaint, the defendants are alleged to have violated certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges, among other things, that defendants’ misrepresented and/or failed to disclose that it routinely overstated the weight of its pre-packaged products and overcharged customers. The New York City Department of Consumer Affairs (“NYCDCA”) announced on June 25, 2015 that it had uncovered “systematic overcharging for pre-packaged foods” at eight New York City locations. The NYCDCA reported that it found thousands of potential overcharging violations. Whole Foods denied the allegations; however, on July 29, 2015, the Company stated in an SEC filing that the weights and measures audit in New York City garnered national media attention. On this news, Whole Foods stock fell over 11%.
The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.