A survey on behalf of current long-term investors in the shares of Netflix, Inc. (NASDAQ: NFLX).
An investigation has been announced for long-term investors in the shares of Netflix, Inc. (NASDAQ: NFLX) regarding possible breaches of fiduciary duties by certain directors of Netflix, Inc..
Investors who are currently long-term investors in shares of Netflix, Inc. (NASDAQ: NFLX) have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858 ) 779 – 1554.
The investigation by a law firm for current long-term investors in NASDAQ: NFLX stock follows a lawsuit filed against Netflix, Inc. for alleged violations of securities laws. The investigation on behalf of current long-term investors in NASDAQ:NFLX shares, relates to whether certain directors of Netflix are liable in connection with the allegations made in this lawsuit.
According to this lawsuit filed in the U.S. District Court for the Northern District of California, Plaintiff alleges that Defendants failed to disclose to investors that Netflix was exhibiting slower acquisition growth due to, among other things, account sharing by customers and increased competition from other streaming services, that the Company was having difficulty retaining customers, that as a result of the foregoing the Company was losing subscribers on a net basis, that as a result , the Company’s financial results were adversely affected and 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.
Those who have purchased shares of Netflix, Inc. (NASDAQ: NFLX) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North
San Diego, CA 92108
Such. : +1-(858)-779-1554
Email: [email protected]
About the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claims filing service and investor advocacy group that researches shareholder issues and advises investors of shareholder lawsuits. securities, regulations, judgments and other legal news related to the stock / financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support and assistance to each shareholder. The Shareholders Foundation, Inc. is not a law firm. The cases, investigations and/or settlements referenced are not filed/initiated/reached and/or related to the Shareholders Foundation. The information is provided as a public service. It is not legal advice and should not be relied upon.
This press release was published on openPR.