Deadline on July 5th coming up in Lawsuit for Investors in Netflix, Inc. (NASDAQ: NFLX) shares

A deadline is coming up on July 5, 2022 in the lawsuit filed for certain investors of Netflix, Inc. (NASDAQ: NFLX) over alleged securities laws violations by Netflix, Inc.

Investors who purchased shares of Netflix, Inc. (NASDAQ: NFLX) have certain options and there are strict and short deadlines running. Deadline: July 5, 2022. NASDAQ: NFLX stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges on behalf of purchasers of Netflix, Inc. (NASDAQ: NFLX) common shares between October 19, 2021, and April 19, 2022, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 19, 2021 and April 19, 2022, the Defendants failed to disclose to investors that Netflix was exhibiting slower acquisition growth due to, among other things, account sharing by customers and increased competition from other streaming services, that the Company was experiencing difficulties retaining customers, that, as a result of the foregoing, the Company was losing subscribers on a net basis, that, as a result, the Company's financial results were being adversely affected, and that, 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 a reasonable basis.

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

Contact:
Christopher Clausen
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 lawsuits, 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.