LOS ANGELES--(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) (NASDAQ: QRTEB) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Qurate admitted on February 26, 2020, that it had identified material weaknesses in internal controls over financial reporting. The Company claimed that inaccuracies in its annual and other consolidated financial reports could not be prevented. 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.
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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.
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