Costco subpoenaed over stock option practices
From the Associated Press
A federal grand jury has issued a subpoena over Costco Wholesale Corp.’s stock option granting practices after an internal investigation found “imprecisions” with stock grants last year.
Costco officials said the company would cooperate fully with the federal inquiry, which it said came from the U.S. attorney’s office in Seattle.
Issaquah, Wash.-based Costco, the nation’s largest wholesale club operator, is among more than 200 companies that have disclosed federal or internal investigations into their stock option practices.
Company officials declined to comment further Monday.
