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Qurate Retail Investigated for Possible Securities Fraud by Block & Leviton

BOSTON, March 02, 2020 (GLOBE NEWSWIRE) -- National securities litigation firm Block & Leviton (www.blockesq.com) is investigating potential claims against Qurate Retail (NASDAQ: QRTEA / QRTEB) and certain of its officers for securities fraud. The investigation concerns possible inaccuracies in the company’s financial reports. Investors who have suffered losses are encouraged to contact the firm for a free consultation.

On February 26, 2019 the company announced that it had identified material weakness and deficiencies in internal control over its financial reports. Qurate explained that inaccuracies in its annual and interim consolidated financial statements could not be prevented.  Qurate’s problems with internal controls were first disclosed on February 28, 2019, in the company’s annual report for the year ended December 31, 2018 and have been an ongoing issue with the company since.

Following the announcement, Qurate’s common stock dropped over $3.54 per share or about 35% in a single day of trading on the NYSE.  

If you have purchased or acquired Qurate securities,  and have questions about your legal rights, or possess information relevant to this matter, you are encouraged to contact attorney Mark Delaney directly at (617) 398-5600, by email at mdelaney@blockesq.com, or by visiting https://shareholder.law/cases/?case=qrtea.

Block & Leviton LLP is a firm dedicated to representing investor and maintaining the integrity of the country’s financial markets.  The firm represents many of the nation's largest institutional investors and individual investors in securities litigation throughout the United States. Its lawyers have recovered billions of dollars for its clients.

This notice may constitute attorney advertising.

CONTACT:

BLOCK & LEVITON LLP
Mark Delaney
(617) 398-5600 phone
260 Franklin Street, Suite 1860
Boston, MA 02110
mark@blockesq.com

SOURCE Block & Leviton LLP