|[March 20, 2017]
IMPORTANT INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Netflix, Inc. and Encourages Investors with Losses to Contact the Firm
Law PC, a shareholder rights firm, announces the filing of a class
action lawsuit against Netflix, Inc. ("Netflix" or the "Company")
(Nasdaq: NFLX). Investors who purchased or otherwise acquired Netflix
shares between July 22, 2014, and October 15, 2014, inclusive (the
"Class Period"), are encouraged to contact the firm in advance of the
May 1, 2017 lead plaintiff deadline.
To participate in this class action lawsuit, click
here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at
888-713-1033, or e-mail him at firstname.lastname@example.org.
No class has been certified in the above action. Until a class is
certified, you are not considered represented by an attorney. You may
also choose to do nothing and be an absent class member.
The Complaint alleges Netflix explained to investors that the price
increase for its monthly subscription service had a "minimal" and
"nominal" effect on subscriber growth and that any negative effect on
revenue was "background noise" with "no noticeable effect in the
On October 15, 2014, Netflix announced to investors that "[Y]ear on year
net additions in the US were down (1.3 million in Q3 2013 to 1 million
in Q3 2014). As best we can tell, the primary cause is the slightly
higher prices we now have compared to a year ago. Slightly higher prices
result in slightly less growth, other things being equal, and this is
manifested more clearly in higher adoption markets such as the US."
When this news was released to the public, the value of Netflix stock
dropped, causing investors harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based
in Los Angeles dedicated to upholding shareholders' rights.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170320005958/en/
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