Lawsuit filed for Investors in shares of Netflix, Inc. (NASDAQ: NFLX)

An investor, who purchased shares of Netflix, Inc. (NASDAQ: NFLX), filed a lawsuit over alleged violations of Federal Securities Laws by Netflix, Inc.

Investors who purchased shares of Netflix, Inc. (NASDAQ: NFLX) have certain options and for certain investors are short and strict deadlines running. Deadline: September 20, 2019. NASDAQ: NFLX investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On July 17, 2019, Los Gatos, CA based Netflix released a letter to shareholders which revealed that Netflix missed its expected target for number of new subscribers and lost 126,000 subscribers in the United States during the second quarter of 2019. Also on July 17, 2019, Netflix held an earnings call to discuss its financial and operating results for the quarter. During the earnings call, the Company’s Chief Financial Officer attributed the missed subscription target to the “timing of [Netflix’s] content slate” and price increases.

The plaintiff claims that between April 17, 2019 through July 17, 2019, the defendants made false and/or misleading statements and/or failed to disclose that Netflix would not be able to gain its expected target number of new subscribers in the second quarter of 2019, that Netflix would also lose subscribers from the United States in the second quarter of 2019, and that as a result, defendants’ public statements were materially false and misleading at all relevant times.

Those who purchased shares of Netflix, Inc. (NASDAQ: NFLX) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.