According to the law firm press release, Whole Foods Market, Inc. operates as a retailer of natural and organic foods. The Company’s stores offer produce, floral, grocery, meat, seafood, bakery, prepared foods and catering, coffee, tea, beer, wine, cheese, nutritional supplements, vitamins, and body care products, as well as lifestyle products, including books, pet products, and household products. As of May 7, 2015, the company had approximately 417 stores worldwide.

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to 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’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis.

The Court issued an Order appointing Lead Plaintiff and approving Lead Counsel on October 28, 2015. Lead Plaintiff filed an amended Complaint on January 8, 2016.

On August 19, 2016, the Court issued an Order granting Defendants' Motion to Dismiss without prejudice. Plaintiffs filed an amended Complaint on September 19.

On August 25, 2017, the Court dismissed this case with prejudice. Lead Plaintiff filed an Appeal of this decision on September 22. On October 25, 2018, the Court of Appeals affirmed the District Court's decision to dismiss the case.