Recent Securities Litigations

Netflix Inc. Common Stock (NASDAQ: NFLX)

39 Days left to seek lead plaintiff status.

Company Name:Netflix Inc. Common Stock
Stock Symbol:NASDAQ: NFLX
Class Period Start:10/19/2021
Class Period End (inclusive):04/19/2022
Filing Deadline:07/04/2022

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

Netflix Inc. Common Stock (NASDAQ: NFLX) Claim Form

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