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, WFM’s statements about business, operations, and prospects were false and misleading and/or lacked a reasonable basis. If you acquired shares of WFM between 8/3/2013 and 7/30/2015 and would like to join the class action, Casey Sadler can answer any questions (phone 310-201-9150 or via email shareholders@glancylaw.com)
7 replies (most recent on top)
All because front-enders didn't understand tear weights in a few stores in NY. This will fail.
I was part of the early wave of unannounced staff reductions so I've already been gone a few months. I'm glad this latest round includes a severance package as not all previously separated TMs got anything. I did contact one of the legal firms involved in the class action lawsuit and was told that because I purchased stock through the employee stock purchase program, I am automatically included in the lawsuit. I believe they are interested in hearing from anyone who might have direct knowledge of the mechanics of the fraud.
If your stocks in wfm were the grants they gave, you probably cannot be apart of the class action lawsuit. However, if you participated in the tm option to purchase, it is possible. It would seem if you PERSONALLY purchased the stock in that time frame, you might be eligible. Instead of asking here, contact them.
Where do I sign up?
Old news...
Can I join if the stock was put into my 401K?
http://www.cnbc.com/2015/09/22/business-wire-gpm-announces-the-filing-of-a-securities-class-action-on-behalf-of-whole-foods-market-inc-investors.html