You will be redirected back to your article in seconds

HSN lawsuits allege fiscal improprieties

Home Shopping Network has been hit with three class-action shareholder lawsuits charging that the TV retailer failed to disclose financial improprieties.

All three suits filed Wednesday in U.S. District Court in Tampa claim HSN did not reveal allegations that its executives profited at the expense of earnings through improperrelationships with vendors.

Those accusations — made in a spate of recent civil lawsuits involving former Home Shopping executives — led its parent, Liberty Media, to nix a deal to buy the rest of the network’s stock.

One lawsuit charges four Home Shopping board members and executive sold stock when other investors were buying because they were privy to adverse information not known to the public.

Liberty cited Home Shopping’s mounting legal problems, including a federal grand jury investigation and private lawsuits alleging improprieties between Home Shopping and its vendors and affiliate companies as its reasons for backing out if its shares acqusitions deal.

More TV

  • A view of the headquarter of

    Comcast Makes Formal $31 billion Offer for Sky

    Home Shopping Network has been hit with three class-action shareholder lawsuits charging that the TV retailer failed to disclose financial improprieties. All three suits filed Wednesday in U.S. District Court in Tampa claim HSN did not reveal allegations that its executives profited at the expense of earnings through improperrelationships with vendors. Those accusations — made […]

  • Rod Henwood Joins 'The Night Manager'

    Zodiak and Channel 4 Alum Rod Henwood Joins 'The Night Manager' Producer The Ink Factory

    Home Shopping Network has been hit with three class-action shareholder lawsuits charging that the TV retailer failed to disclose financial improprieties. All three suits filed Wednesday in U.S. District Court in Tampa claim HSN did not reveal allegations that its executives profited at the expense of earnings through improperrelationships with vendors. Those accusations — made […]

  • Sony Pacts with Komixx for Young

    Sony Pacts with Komixx for Young Adult Content

    Home Shopping Network has been hit with three class-action shareholder lawsuits charging that the TV retailer failed to disclose financial improprieties. All three suits filed Wednesday in U.S. District Court in Tampa claim HSN did not reveal allegations that its executives profited at the expense of earnings through improperrelationships with vendors. Those accusations — made […]

  • The Late Show with Stephen Colbert

    Hank Azaria Says He's Willing to 'Step Aside' From Controversial Apu Role

    Home Shopping Network has been hit with three class-action shareholder lawsuits charging that the TV retailer failed to disclose financial improprieties. All three suits filed Wednesday in U.S. District Court in Tampa claim HSN did not reveal allegations that its executives profited at the expense of earnings through improperrelationships with vendors. Those accusations — made […]

  • Sense8

    TV News Roundup: ‘Sense8’ Finale Special Sets Netflix Premiere Date

    Home Shopping Network has been hit with three class-action shareholder lawsuits charging that the TV retailer failed to disclose financial improprieties. All three suits filed Wednesday in U.S. District Court in Tampa claim HSN did not reveal allegations that its executives profited at the expense of earnings through improperrelationships with vendors. Those accusations — made […]

  • Nicole Emanuele Katherine Oliver

    North Fork TV Festival Sets Judges Panel

    Home Shopping Network has been hit with three class-action shareholder lawsuits charging that the TV retailer failed to disclose financial improprieties. All three suits filed Wednesday in U.S. District Court in Tampa claim HSN did not reveal allegations that its executives profited at the expense of earnings through improperrelationships with vendors. Those accusations — made […]

  • AMERICAN IDOL - "114 (Top 10

    'American Idol': On the Scene for the Show's Emotional First Live Elimination

    Home Shopping Network has been hit with three class-action shareholder lawsuits charging that the TV retailer failed to disclose financial improprieties. All three suits filed Wednesday in U.S. District Court in Tampa claim HSN did not reveal allegations that its executives profited at the expense of earnings through improperrelationships with vendors. Those accusations — made […]

More From Our Brands

Access exclusive content