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9th Circ. Won't Revive Costco Investors' Internal Controls Suit

By Hannah Albarazi (July 20, 2021, 8:04 PM EDT) -- A panel of Ninth Circuit judges on Tuesday affirmed a lower court ruling tossing Costco Wholesale Corp. investors' claims that the retail giant's executives made deliberately reckless misrepresentations about internal controls in their public filings, concurring that the investors fell short of proving that the executives withheld knowledge of internal weaknesses....

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