IMPORTANT INVESTOR REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Qurate Retail, Inc. &...
September 19 2018 - 12:40PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces the filing of a class action lawsuit against Qurate
Retail, Inc. ("Qurate" or the "Company") (NASDAQ: QRTEA) for
violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities
and Exchange Commission.
Investors who purchased the Company's shares between August 5,
2015 and September 7, 2016, inclusive (the ''Class Period''), are
encouraged to contact the firm before November 5, 2018.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
According to the Complaint, the Company made false and
misleading statements to the market. Qurate was overaggressive in
the loosening of credit standards for the Company’s Easy-Pay
program in an effort to attract a large number of new customers.
The Company’s strong growth in sales was due primarily to the
loosening of credit standards. Due to the loosening of standards,
Qurate faced a larger risk for write-offs of accounts receivable.
Based on these facts, the Company’s positive public statements
about sales growth and business operations were false and
materially misleading throughout the class period. When the market
learned the truth about Qurate, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20180919005630/en/
The Schall Law FirmBrian Schall, Esq.,Sherin Mahdavian,
Esq.,www.schallfirm.com310-301-3335info@schallfirm.com
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