Processing your request


please wait...

Case Page

 

Case Status:    ONGOING    
On or around 06/07/2019 (Ongoing date of last review)

Filing Date: November 05, 2018

According to the Complaint, Costco engages in the operation of membership warehouses in the United States
(U.S.) and Puerto Rico, Canada, United Kingdom (U.K.), Mexico, Japan, Australia, Spain, France, Iceland and through majority-owned subsidiaries in Taiwan and Korea. As of September 3, 2017, Costco operated 741 warehouses worldwide. Through the membership warehouses, Costco aims at offering low prices on a limited selection of national products in certain categories to produce high sales volumes and rapid inventory turnover.

The Complaint alleges that Costco misrepresented and failed to disclose adverse facts pertaining to the Company’s business, operations, and prospects, which were known to Defendants or recklessly disregarded by them. Specifically, Defendants failed to disclose that: (i) Costco lacked effective internal control over financial reporting; (ii) as a result of the foregoing, Defendants’ statements about Costco’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

On January 30, 2019, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel. Lead Plaintiff filed a consolidated amended Complaint on April 16.

COMPANY INFORMATION:

Sector: Services
Industry: Retail (Department & Discount)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: COST
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: W.D. Washington
DOCKET #: 18-CV-01611
JUDGE: Hon. Thomas S. Zilly
DATE FILED: 11/05/2018
CLASS PERIOD START: 06/06/2018
CLASS PERIOD END: 10/25/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Breskin Johnson Townsend PLLC
  2. Levi & Korsinsky, LLP
No Document Title Filing Date
COURT: W.D. Washington
DOCKET #: 18-CV-01611
JUDGE: Hon. Thomas S. Zilly
DATE FILED: 04/16/2019
CLASS PERIOD START: 06/06/2018
CLASS PERIOD END: 10/25/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Breskin Johnson Townsend PLLC
    1111 Third Avenue, Suite 2230, Breskin Johnson Townsend PLLC, WA 98101
    206.652.8660 206.652.8660 ·
  2. Labaton Sucharow LLP
    140 Broadway, Labaton Sucharow LLP, NY 10005
    212.907.0700 212.818.0477 · info@labaton.com
  3. Levi & Korsinsky, LLP
    30 Broad Street, 15 1h Floor, Levi & Korsinsky, LLP, NY 10004
    212.363.7500 212.363-7171 ·
No Document Title Filing Date
—Related District Court Filings Data is not available