BENSALEM, Pa. -- (Business Wire)
Law
Offices of Howard G. Smith reminds investors of the November
5, 2018 deadline to file a lead plaintiff motion in the class action
filed on behalf of investors that purchased Qurate Retail, Inc.
(“Qurate” or the “Company”) (NASDAQ: QRTEA)
securities between August 5, 2015 and September 7, 2016,
inclusive (the “Class Period”). Qurate investors have until November
5, 2018 to file a lead plaintiff motion.
Investors suffering losses on their Qurate investments are encouraged to
contact the Law Offices of Howard G. Smith to discuss their legal rights
in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.
The complaint filed in this class action alleges that throughout the
class period, Qurate Retail Group, Inc. made materially false and/or
misleading statements and/or failed to disclose that: (1) Qurate was
aggressively loosening the credit standards of its Easy-Pay program to
attract a large group of new customers; (2) Qurate’s strong sales growth
was due to this loose credit policy; (3) accounts receivable associated
with this new group of customers posed a high risk of write-off; and (4)
consequently, Qurate’s positive statements about its business,
operations, and prospects lacked a reasonable basis.
If you purchased shares of Qurate during the Class Period you may move
the Court no later than November 5, 2018 to ask the Court to
appoint you as lead plaintiff if you meet certain legal requirements. To
be a member of the Class you need not take any action at this time; you
may retain counsel of your choice or take no action and remain an absent
member of the Class. If you wish to learn more about this action, or if
you have any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite
112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181023006167/en/
Contacts:
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
Source: Law Offices of Howard G. Smith
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