INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Costco Wholesale Corporation Investors (COST)
BENSALEM, Pa.--(BUSINESS WIRE)--Nov 12, 2018--Law Offices of Howard G. Smith announces an investigation on behalf of Costco Wholesale Corporation (“Costco” or the “Company”) (NASDAQ: COST ) investors concerning the Company and its officers’ possible violations of federal securities laws.
On October 4, 2018, Costco announced ″in its upcoming fiscal 2018 Annual Report on Form 10-K, it expects to report a material weakness in internal control. The weakness relates to general information technology controls in the areas of user access and program change-management over certain information technology systems that support the Company’s financial reporting processes. The access issues relate to the extent of privileges afforded users authorized to access company systems.″ On this news, shares of Costco fell from a close of $231.68 per share on October 4, 2018, to a close of $218.82 on October 5, 2018, thereby injuring investors.
If you purchased Costco securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181112005837/en/
CONTACT: Law Offices of Howard G. Smith
Howard G. Smith, Esquire
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Law Offices of Howard G. Smith
Copyright Business Wire 2018.
PUB: 11/12/2018 09:36 PM/DISC: 11/12/2018 09:36 PM