Whole Foods CEOs ripped off customers but didn’t tell shareholders their insider knowledge

Saturday, October 31, 2015
By Paul Martin

by: S. Johnson
NaturalNews.com
Saturday, October 31, 2015

Whole Foods’ shareholders are not happy with the members of the board and are expressing their anger with a good old-fashioned lawsuit. On September 11, 2015, shareholder Bryan O’Malley sued both past and current officers and directors of Whole Foods for “breach of fiduciary duty and unjust enrichment.”

Whole Foods came under fire when the New York City Department of Consumer Affairs conducted an investigation into overcharging violations. The DCA found that New York City stores “routinely overstated the weights of its pre-packaged products – including meats, dairy and baked goods – resulting in customers being overcharged.” The mislabeling of weights happened so frequently that the DCA decided that the problem was systemic. To make matters worse, the Whole Foods blunder was also considered one of the worst cases of labeling inaccuracy that the inspectors had ever seen.

DCA Commissioner Julie Menin said, “Our inspectors tell me this is the worst case of mislabeling they have seen in their careers…. Whole Foods has the money and resources to ensure greater accuracy and to correct what appears to be a widespread problem—the city’s shoppers deserve to be correctly charged.”

This isn’t the first time that Whole Foods has been in trouble for pricing irregularities. In California, Whole Foods had to pay nearly $800,000 in penalties for overcharging its customers. Investigators in California discovered that the weight from the containers at the food bars were not tared properly, meaning the weight of the container was not deducted from the total weight of food purchased. Also, some pre-packaged foods had weights on the label that were not accurate, while other items that should have been priced by the pound (deli foods, for example) were instead sold at a single price.

The Rest…HERE

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