An investigation on behalf of current long term investors in Qurate Retail Group, Inc. (NASDAQ: QRTEA) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 12/03/2018 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Qurate Retail Group, Inc.
Investors who are current long term investors in Qurate Retail Group, Inc. (NASDAQ: QRTEA) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: QRTEA stocks follows a lawsuit filed recently against Qurate Retail Group, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: QRTEA stocks, concerns whether certain Qurate Retail Group directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants failed to disclose that Qurate Retail Group, Inc was aggressively loosening the credit standards of its Easy-Pay program to attract a large group of new customers, that Qurate Retail Group, Inc's strong sales growth was due to this loose credit policy, that accounts receivable associated with this new group of customers posed a high risk of write-off, and that as a result of the foregoing, the Company's positive statements about its business, operations, and prospects lacked a reasonable basis.
Those who purchased shares of Qurate Retail Group, Inc. (NASDAQ: QRTEA) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.