NEW YORK, June 23, 2022 /PRNewswire/ — Levi & Korsinsky, LLP notifies investors of Netflix, Inc. (“Netflix, Inc.” or the “Company”) (NASDAQ: NFLX) of a securities class action.
CLASS DEFINITION: The lawsuit seeks damages on behalf of Netflix, Inc. investors who were affected by alleged securities fraud. This lawsuit is being filed on behalf of individuals and entities that have purchased or otherwise purchased Netflix common stock or call options, or sold put options between January 19, 2021 as well as April 19, 2022, inclusive. Follow the link below for more information and to contact a member of our team:
NFLKS investors can also apply Joseph E. Levy, Esq. email [email protected] or call (212) 363-7500.
CASE DETAILS: The complaint filed alleges that defendants made false claims and/or concealed that: (1) Netflix experienced slower acquisition growth due to, among other things, customer account sharing and increased competition from other streaming services; (2) The company had difficulty retaining customers; (3) as a result of the foregoing, the Company lost subscribers on a net basis; (4) as a result, this adversely affected the Company’s financial results; 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 without reasonable basis.
WHAT’S NEXT? If you have suffered a loss at Netflix, Inc. within the appropriate period of time, you have until July 5, 2022 petition the court to appoint you as lead plaintiff. Your ability to participate in any recovery does not require you to act as lead plaintiff.
FREE FOR YOU: If you are a class member, you may be eligible for compensation without paying any personal expenses or fees. There are no costs or obligations to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the Levi & Korsinsky team has secured hundreds of millions of dollars for injured shareholders and has amassed a track record of winning high-stakes cases. Our firm has extensive experience representing investors in complex securities litigation and a team of more than 70 people to serve our clients. For seven consecutive years, Levi & Korsinsky has been named one of the top 50 firms in securities litigation by ISS Securities Class Action Services. United States.
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SOURCE Levi & Korsinsky, LLP