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Class Action News

QRTEA Lawsuit: Levi & Korsinsky Announces Qurate Class Action

Levi & Korsinsky, LLP

September 26, 2018

To: All persons or entities who purchased or otherwise acquired securities of Qurate Retail Group, Inc. (“Qurate”) (NASDAQGS: QRTEA) between August 5, 2015 and September 7, 2016. You are hereby notified that a Qurate class action lawsuit has been commenced in the United States District Court for the District of Colorado. Click here to get more information on the QRTEA Lawsuit, or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Qurate was aggressively loosening the credit standards of its Easy-Pay program to attract a large group of new customers; (2) Qurate’s strong sales growth was due to this loose credit policy; (3) accounts receivable associated with this new group of customers posed a high risk of write-off; and (4) consequently, Qurate’s positive statements about its business, operations, and prospects lacked a reasonable basis.

 

If you suffered a loss in Qurate you have until November 5, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.