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 practices.
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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."
On this news, Qurate’s stock price fell sharply, to close at $6.46 per share on February 26, 2020.
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@example.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
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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.