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Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Netflix, Inc. (NASDAQ: 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.
If you bought Netflix securities between April 17, 2019 and July 17, 2019, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces the Filing of a Securities Class Action Lawsuit Against Netflix, Inc. – NFLX
New York, N.Y., July 29, 2019. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Netflix, Inc. (NASDAQ: 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.
To join the Netflix class action, go to http://zhanginvestorlaw.com/cases/netflix-inc/ or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.
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.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 20, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/netflix-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang of Zhang Investor Law toll free at 800-991-3756 or via email at firstname.lastname@example.org.
Zhang Investor Law represents investors worldwide.