Faruqi & Faruqi, LLP is Investigating Costco Wholesale Corporation (COST) on Behalf of its Shareholders

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Sep 22, 2015, 11:34 ET

NEW YORK, Sept. 22, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential misconduct at Costco Wholesale Corporation ("Costco" or the "Company").

The investigation focuses on the role of the Company's officers and directors in purchasing shrimp from companies in Thailand that rely on slave labor and subsequently selling the shrimp in the Company's stores. According to a class action lawsuit filed in 2015 against Costco by a California resident, Costco purchases shrimp from Thailand-based company Charoen Pokphand Foods Public Company Limited ("CP Foods"), the biggest shrimp farmer in the world. CP Foods, in turn, feeds its shrimp with fishmeal that is purchased from companies that have been reported to engage in horrific human rights abuses.

Leading world news organizations, including The Guardian, which conducted a lengthy investigation into slavery on Thai fishing vessels, have documented egregious circumstances where fishermen are forced to work in inhumane conditions – where some fishermen have been shackled, beaten or tortured, and many have been murdered. According to The Guardian, CP Foods has admitted that slave labor is part of its supply chain.

Request more information now by clicking here: www.faruqilaw.com/COST. There is no cost or obligation to you.

Take Action

If you currently own Costco stock and would like to discuss your legal rights, please visit www.faruqilaw.com/COST. You can also contact us by calling Stuart Guber toll free at (215) 277-5770 or by sending an e-mail to [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding Costco's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

FARUQI & FARUQI, LLP
101 Greenwood Avenue Suite 600
Jenkintown, PA 19046
Attn: Stuart Guber
[email protected]
Telephone: (215) 277-5770

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SOURCE Faruqi & Faruqi, LLP