IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Qurate Retail, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
LOS ANGELES--(BUSINESS WIRE)--Sep 7, 2018--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 firstname.lastname@example.org.
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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180907005439/en/
CONTACT: The Schall Law Firm
Brian Schall, Esq.,
Sherin Mahdavian, Esq.,
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: The Schall Law Firm
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PUB: 09/07/2018 02:28 PM/DISC: 09/07/2018 02:28 PM