Costco Sued Over ‘Slave Labor’ Shrimp From Thailand

The first of perhaps many lawsuits has been filed

Costco (NASDAQ:COST) is being sued over alleged slave labor and human trafficking practices in Thailand in the production of shrimp.

CostcoThe Asian country’s illegal practices are well known and the retailer is in hot water for misleading US consumers about these practices.

A California woman filed a lawsuit to Costco for their role in the Thai fishing industry’s exploitation of its workers. The suit states that the retailer has broken laws regarding false claims about illegal in conduct in their supply chain, such as human rights violations.

“Human suffering cannot be ignored to enhance a company’s economic bottom line,” plaintiffs’ lawyer Niall McCarthy, of Cotchett, Pitre & McCarthy LLP, said in a statement. “California consumers are unknowingly supporting slave labor.”

COST stock is down 0.09% Wednesday.

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Article printed from InvestorPlace Media, https://investorplace.com/2015/08/costco-shrimp-cost-stock/.

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