Costco Wholesale Corp. (NASDAQ:COST) has become the subject of a proposed nationwide class-action lawsuit demanding refunds for customers who were charged higher prices before the Supreme Court nullified tariffs imposed by the Trump administration.
The lawsuit was filed Tuesday in a federal court in Illinois by Costco shopper Matthew Stockov, individually and on behalf of other similarly situated shoppers. The plaintiff is seeking a declaration that the company must return to customers any refunds it receives for tariffs it paid under the International Emergency Economic Powers Act (IEEPA).
The complaint alleges the lawsuit aims to stop Costco from receiving a double recovery and notes the retailer has not committed to returning any tariff refunds to consumers who ultimately paid those costs.
Costco CEO Ron Vachris said in an analyst call last week that it is still unclear whether or when businesses will be refunded the …
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