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Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Netflix, Inc. (NFLX) from April 17, 2019 through July 17, 2019, inclusive (the "Class Period"). The lawsuit seeks to recover damages for Netflix investors under the federal securities laws.
[...] According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Netflix would not be able to gain its expected target number of new subscribers in the second quarter of 2019; (2) Netflix would also lose subscribers from the United States in the second quarter of 2019; and (3) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
https://www.businesswire.com/news/home/20190722005575/en/
This is in addition to the investigation by the Schall Law Firm. I guess Rosen beat them to the punch.
(Score: 1, Insightful) by Anonymous Coward on Tuesday July 23 2019, @05:41PM (1 child)
And based on recent experience would choose companies that make false/misleading disclosures despite years of previous well documented behavior contrary to the indicated intention(make america alternaive facts some more).
(Score: 0) by Anonymous Coward on Tuesday July 23 2019, @10:35PM
Yep, because generations have been raised to trust conmen because they think someone is going to come bail them out even when they mess up.