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Stock impact report

Beloved Costco $5 rotisserie chicken is now facing a class-action lawsuit [Yahoo! Finance]

Costco Wholesale Corporation (COST) 
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Filed Thursday in San Diego by Escondido resident Anatasia Chernov and Big Bear resident Bianca Johnston, the lawsuit claims Costco's in-store signage and website falsely "create an overall net impression that the Rotisserie Chicken does not contain added preservatives." The suit alleges these claims are untrue, as "the Rotisserie Chicken is made with two added preservatives—sodium phosphate and carrageenan." "The presence of sodium phosphate and carrageenan, added preservatives which function as such in the Rotisserie Chicken, contradict the overall net impression that Costco's ‘No Preservatives' representations and advertising create," the lawsuit states. The plaintiffs say consumers rely on “preservative-free” claims when shopping and could not tell before purchase that the chicken allegedly contained preservatives. A Costco spokesperson told The Independent in a statement, “To maintain consistency among the labeling on our rotisserie chickens and the signs in our warehous Show less Read more
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