Haeggquist & Eck, LLP Announces Investigation of Potential Corporate Misconduct at Costco Wholesale Corp. Concerning Sales of...
September 13 2017 - 9:01AM
Business Wire
Haeggquist & Eck, LLP a shareholder rights litigation firm,
announces an investigation of potential corporate misconduct at
Costco Wholesale Corporation (“Costco” or the “Company”) (NASDAQ:
COST), a warehouse store offering merchandise for sale to its
members. Costco has recently been the subject of a $19.4 million
judgment (the “Tiffany Judgment”) in an action filed by Tiffany
& Co. (NYSE: TIF) alleging, among other things, that the
Company marketed rings for sale in its membership warehouses as
“Tiffany” rings in such a manner as to mislead consumers into
purchasing the merchandise and causing harm to Tiffany &
Co.
In addition to the litigation with Tiffany & Co., the
Company has also recently been in litigation with Acushnet Company
(the operating subsidiary of Acushnet Holdings Corp. (NASDAQ:
GOLF)), represented to be the holder of certain Titleist golf ball
patents, concerning allegations that Costco has committed patent
infringement and false advertising in connection with the sale of
certain golf balls in its membership warehouses.
The investigation focuses on the underlying facts surrounding
the claims asserted in the above actions against Costco, including
the involvement of the Company’s officers and directors in relation
thereto, and the potential marketing, offer and sale of products at
Costco warehouse locations in a manner that may mislead consumers
and infringe the intellectual property rights of third parties.
Costco Shareholders Have Legal Options
Concerned Costco shareholders who would like more information
about remedies to the Company from the alleged misconduct of its
executives and/or directors, may contact attorneys Amber Eck or
Kathleen Herkenhoff at 619-342-8000, ambere@haelaw.com or
kathleenh@haelaw.com.
Haeggquist & Eck, LLP is a nationally recognized leader in
shareholder rights law. The firm represents individual investors in
shareholder derivative lawsuits, and members of the firm have
helped shareholders recover more than $1 billion of value for
themselves and the companies in which they have invested.
This release constitutes attorney advertising. Past results do
not guarantee a similar outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20170913005219/en/
Haeggquist & Eck, LLP619-342-8000Amber Eck,
ambere@haelaw.comKathleen Herkenhoff, kathleenh@haelaw.com
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