NEW YORK, May 19, 2022 /PRNewswire/ — Levi & Korsinsky, LLP Notifies Investors in Netflix, Inc. (“Netflix, Inc.” or the “Company”) (NASDAQ: NFLX) a securities lawsuit a class action lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Netflix, Inc. investors who were harmed by alleged securities fraud. This lawsuit is being brought on behalf of individuals and entities that have purchased or otherwise acquired Netflix common stock, call options, or sold put options October 19, 2021 and April 19, 2022, included. Follow the link below for more information and to be contacted by a member of our team:
NFLX Investors can also contact us Joseph E. Levi, Esq. by email at [email protected] or by phone at (212) 363-7500.
CASE DETAILS: The lawsuit alleges that defendants misrepresented and/or withheld that: (1) Netflix has 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, the Company’s financial results were 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 any reasonable basis.
WHAT’S NEXT? If you suffered a loss on Netflix, Inc. during the Relevant Period, you have up to July 5, 2022 to request that the court appoint you as lead plaintiff. Your ability to participate in a recovery does not require you to serve as lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of expenses or fees. There are no costs or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the Levi & Korsinsky team has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive experience representing investors in complex securities disputes and has a team of over 70 professionals dedicated to serving our clients. For seven consecutive years, Levi & Korsinsky has been ranked among the top securities litigation firms in the Top 50 Report by ISS Securities Class Action Services The United States.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
Watch the original content to download multimedia: https://www.prnewswire.com/news-releases/nflx-lawsuit-alert-levi–korsinsky-notifieds-netflix-inc-investors-of-a-class- action-lawsuit-and-upcoming-deadline-301551381.html
SOURCE Levi & Korsinsky, LLP