Glancy Prongay & Murray LLP Announces Investigation on Behalf of Costco Wholesale Corporation Investors
LOS ANGELES--(BUSINESS WIRE)--Nov 19, 2018--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Costco Wholesale Corporation (“Costco” or the “Company”) (NYSE: COST ) investors concerning the Company and its officers’ possible violations of federal securities laws.
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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.
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If you purchased Costco, 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20181119005933/en/
CONTACT: Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley Portnoy, 310-201-9150 or 888-773-9224
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Glancy Prongay & Murray LLP
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PUB: 11/19/2018 06:58 PM/DISC: 11/19/2018 06:58 PM