Costco (COST) Receives Subpoenas from U.S. DEA
Wit its 10-K filing today, Costco Wholesale Corp (NASDAQ: COST) disclosed receiving requests from certain government agencies over certain practices.
From the filing:
The Company has received from the Drug Enforcement Administration subpoenas and administrative inspection warrants concerning the Company's fulfillment of prescriptions related to controlled substances and related practices. The Company is seeking to cooperate with these processes. The Company does not believe that any pending claim, proceeding or litigation, either alone or in the aggregate, will have a material adverse effect on the Company’s financial position; however, it is possible that an unfavorable outcome of some or all of the matters, however unlikely, could result in a charge that might be material to the results of an individual fiscal quarter.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Shake Shack (SHAK) Announces Resignation of Jonathan Sokoloff from Board, Cuts Board Size to 10 from 11
- Costco Wholesale (COST) PT Lowered to $860 at Jefferies 'to reflect recent trends in the stock'
- 89bio Inc. (ETNB) Appoints Martin Babler to its Board
Create E-mail Alert Related Categories
Corporate News, Litigation, SEC FilingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!