NEW YORK, Oct. 2, 2018 /PRNewswire/ -- Rosen Law Firm, a
global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of
Qurate Retail, Inc. (NASDAQ: QRTEA) from August 5, 2015 through September 7,
2016, both dates inclusive (the "Class Period"). The lawsuit seeks to recover damages for Qurate investors under the
federal securities laws.
To join the Qurate class action, go to http://www.rosenlegal.com/cases-1411.html or call Phillip Kim, Esq. or
Zachary Halper, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or zhalper@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN
INVESTOR'S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.
According to the lawsuit, defendants during the Class Period 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) as a result of the foregoing, Qurate's positive statements about
its business, operations, and prospects lacked a reasonable basis. When the true details entered the market, the lawsuit claims
that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than
November 5, 2018. A lead plaintiff is a representative party acting on behalf of other class
members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-1411.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or
via email at pkim@rosenlegal.com or zhalper@rosenlegal.com.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and
shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of
securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
zhalper@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A.