Are QVC going under? - incompetant Qurate Retail Investigated by their shareholders

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Super Trouper

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4TH MARCH 🗣 💰
Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Qurate Retail, Inc. (NASDAQ: QRTEA, QRTEB) on behalf of Qurate stockholders.
Our investigation concerns whether Qurate has violated the federal securities laws and/or engaged in other UNLAWFUL BUSINESS PRACTICE.

On February 26, 2020, Qurate disclosed that it had identified a material weakness in its internal control over financial reporting and "concluded that our internal control over financial reporting was ineffective as of December 31, 2019." Qurate specified that the material weakness "relates to information technology general controls (‘ITGCs’) in QVC’s Germany business. Specifically, the ITGCs were not consistently designed and operating effectively to ensure that access to certain financially significant applications and data, were adequately restricted to appropriate personnel."

If you purchased or otherwise acquired Qurate shares and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato or Marion Passmore by email at [email protected], or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

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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) (NASDAQ: QRTEB) for violations of the securities laws.

... The Company first disclosed its problems with internal controls on February 28, 2019, in its annual report for the year ending December 31, 2018, and have been ongoing since that time. Based on that news, shares of Qurate fell by 35% in a single trading session.


Qurate Retail yahoofinance

Qurate Retail Inc. (NASDAQ:QRTEA) President and CEO Michael A. George bought 550,000 shares on March 6 at a price of $5.44. The price of the stock has decreased by 17.46% since then.
 

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