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Shareholders Are Now Suing Whole Foods for Overcharging Customers

2015-08-12 15:02:10| Grocery - Topix.net

A federal lawsuit is Whole Foods's newest gut-punch, ever since New York City officials accused the chain of "routinely" overcharging customers . The suit, filed in Austin last Thursday, seeks class-action status for all shareholders who bought Whole Foods stock between August 9 of 2013 and July of this year, and argues that company executives also violated SEC laws with this whole overcharging fiasco, since the act misrepresented the company's value on Wall Street.

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