The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Qurate Retail Inc. Investors (QRTEA, QRTEB)

LOS ANGELES–(BUSINESS WIRE)–$QRTEA #classactionThe Law Offices of Frank R. Cruz announces an investigation on behalf of Qurate Retail, Inc. (“Qurate” or the “Company”) (NASDAQ: QRTEA) (NASDAQ: QRTEB) investors concerning the Company and its officers’ possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On February 26, 2020, Qurate revealed 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, the Company’s share price fell $2.09, or over 24%, to close at $6.46 per share on February 26, 2020, thereby injuring investors.

Follow us for updates on Twitter:

If you purchased Qurate securities, have information or 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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to, or visit our website at If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


The Law Offices of Frank R. Cruz, Los Angeles

Frank R. Cruz, 310-914-5007

error: Content is protected !!