NEW YORK, 22 June 2022 /PRNewswire/ — The Gross Law Firm issued the following notice to shareholders: Netflix, Inc..
Shareholders who purchase NFLX stock during the listed class period are encouraged to contact the company regarding the possible appointment of a lead plaintiff. Appointment as the principal plaintiff is not required to take part in any remedies.
CLASS PERIOD: This lawsuit is on behalf of the people and entities that purchased or acquired Netflix common stock or call options, or sell put options, between: January 19, 2021 and April 19, 2022inclusive.
Allegations: The Complaint alleges that during the class period, Defendants issued false and/or misleading statements and/or failed to disclose that: (1) Netflix exhibited slower acquisition growth due to, among other things, account sharing by subscribers and increased competition from other streaming services; (2) The company has difficulty in retaining customers; (3) as a result of the foregoing, the Company lost customers on a net (4) as a result, the Company’s financial results were negatively affected; and (5) as a result of the foregoing matters, the Defendant’s positive statements regarding the Company’s business, operations and prospects are materially false and/or misleading and/or have no reasonable basis.
DEADLINES: July 5, 2022 Shareholders should not delay registering this class action. Register your information here: https://securitiesclasslaw.com/securities/netflix-inc-loss-submission-form-2/?id=28867&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you have registered as a shareholder who purchased NFLX stock during the timeframe listed above, you will be enrolled in portfolio monitoring software to provide you with status updates throughout the life cycle of the case. The deadline for seeking to become the main plaintiff is July 5, 2022. There are no fees or obligations for you to participate in this case.
WHY A GROSS LEGAL COMPANY? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who suffer from fraud, fraud and illegal business practices. Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The company seeks remedies on behalf of investors who have suffered losses when false and/or misleading statements or omission of material information by the company causes artificial inflation of the company’s shares. Lawyer ad. Previous results do not guarantee similar results.
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SOURCE The Gross Law Firm