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Qurate Retail, Inc. (NASDAQ: QRTEA, QRTEB)
Copyright © 2006-2020 Law Offices of Howard G. Smith
This investigation is for anyone who acquired securities in Qurate Retail, Inc. (NASDAQ: QRTEA, QRTEB) from February 28, 2019 through February 26, 2020.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that the Company had adequate controls in place to prevent leaking customer information, when, in fact, the Company did not have adequate controls in place over its QVC business in Germany and leaked customer information.

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 price of the Company's stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Qurate Retail, Inc. (NASDAQ: QRTEA, QRTEB) from February 28, 2019 through February 26, 2020 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
Case Summary
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     action, at the direction of plaintiff's counsel or in order to   
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     action, during the Class Period set forth in the Complaint are as
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     directly relating to the representation of the class.
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