New York, NY – (Newsfile Corp. – June 23, 2022) – Securities litigation law firm The Gross Law Firm issues the following notice on behalf of shareholders Netflix Inc. (NASDAQ:NFLX).
Shareholders who purchased NFLX stock during this period are advised to contact the firm about the possible appointment of a lead plaintiff. Appointment as a lead claimant is not required to participate in any reimbursement.
This lawsuit is filed on behalf of individuals and entities that purchased or otherwise purchased Netflix common stock or call options or sold put options between January 19, 2021 and April 19, 2022, inclusive.
APPLICATIONS: The lawsuit alleges that during the class period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Netflix experienced slower acquisition growth due, among other things, to 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.
DEADLINE DEADLINE: July 5, 2022 Shareholders should not delay registering to participate in this class action. Register your information here: https://securitiesclasslaw.com/securities/netflix-inc-loss-submission-form-2/?id=29105&from=5.
NEXT STEPS FOR SHAREHOLDERS: Once you enroll as a shareholder who purchased NFLX stock during the above time period, you will be enrolled in portfolio monitoring software that will provide you with status updates throughout the life of the case. The deadline to apply as a lead complainant is July 5, 2022. Participation in this case does not require any costs and does not oblige you.
WHY GROSS LAW FIRM? Gross Law Firm is a nationally recognized class action law firm and our mission is to protect the rights of all investors affected by fraud, fraud and illegal business practices. Gross Law Firm is committed to ensuring that companies adhere to the principles of responsible business conduct and exercise proper corporate citizenship. The firm is seeking damages on behalf of investors who suffered losses when false and/or misleading statements or omissions of material information by the company resulted in the company’s shares being artificially inflated. Lawyer advertisement. Previous results do not guarantee similar results.
Gross Law Firm is committed to ensuring that companies adhere to the principles of responsible business conduct and exercise proper corporate citizenship. The Firm is seeking damages on behalf of investors who have suffered losses when false and/or misleading statements or omissions of material information by the Company have artificially inflated the value of the Company’s shares. Lawyer advertisement. Previous results do not guarantee similar results.
Gross Law Firm
15 West 38th Street, 12th floor
New York, NY 10018
Email: [email protected]
Phone: (212) 537-9430
Fax: (833) 862-7770
To view the original version of this press release, please visit https://www.newsfilecorp.com/release/128803