Whole Foods to pay $800k after investigation

|About: Whole Foods Market, Inc. (WFM)|By:, SA News Editor

Whole Foods Market (WFM) will pay $800k after a year-long probe revealed one of its Californian stores charged more than the posted price on various items.

Civil penalties of $630k will be paid to the city attorneys of Los Angeles, San Diego and Santa Monica, $100k will be given into a consumer trust fund, and $68k will be paid toward costs.

The company will also implement a five-year monitoring period that insures correct pricing, increases supervision of its pricing practices and includes random audits.