MONDAY DEADLINE REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Qurate Retail, Inc. & Encourages I...
November 02 2018 - 12:59PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of 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.
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. 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.
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.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181102005479/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335info@schallfirm.comwww.schallfirm.com
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