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Robbins Arroyo LLP: Whole Foods Market, Inc. (WFM) Misled Shareholders According to a Recently Filed Class Action

SAN DIEGO and AUSTIN, Texas, Aug. 11, 2015 /PRNewswire/ -- Shareholder rights law firm Robbins Arroyo LLP announces that a securities fraud class action complaint was filed in the U.S. District Court for the Western District of Texas. The complaint alleges that officers and directors of Whole Foods Market, Inc. (WFM) violated the Securities Exchange Act of 1934 between August 9, 2013 and July 30, 2015, by making materially false and misleading statements about Whole Foods' business prospects. Whole Foods operates as a retailer of natural and organic foods.

View this information on the law firm's Shareholder Rights Blog:

Whole Foods Overcharges its Customers

According to the complaint, Whole Foods officials failed to disclose that the company routinely overstated the weight of its pre-packaged products and overcharged customers. As a result, Whole Foods deceived the investing public and caused...