Qurate Retail, Inc. (QRTEA, QRTEB)
QRTEA, QRTEB Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Investigation of Qurate Retail, Inc. and Encourages Investors to Contact the Firm
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Qurate Retail, Inc. ("Qurate Retail" or "the Company") (NASDAQ: QRTEA; QRTEB). The investigation concerns whether Qurate and certain of its officers and/or directors have violated federal securities laws.
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, damaging investors.
If you are aware of any facts relating to this investigation, or purchased Qurate shares, you can assist this investigation by visiting contacting the firm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.