Class Action Reports

NFLX Class Action: Learn About the Netflix Lawsuit

Levi & Korsinsky, LLP

May 5, 2022

Levi & Korsinsky, LLP announces that an NFLX class action lawsuit has been filed on behalf of investors who purchased Netflix, Inc.(NFLX) securities between October 19, 2021, and April 19, 2022 For more on the NFLX Lawsuit please contact us today.

 

 

According to the Netflix lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Netflix was exhibiting slower acquisition growth due to, among other things, account sharing by customers and increased competition from other streaming services; (2) the Company was experiencing difficulties retaining customers; (3) as a result of the foregoing, the Company was losing subscribers on a net basis (4) as a result, the Company’s financial results were being adversely affected; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.

 

TO LEARN MORE ABOUT THE NFLX CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Netflix you have until July 5, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com