Netflix Ducks Investor Suit Over Planned Streaming Switch

Law360, Los Angeles (August 20, 2013, 9:23 PM ET) -- A California federal judge on Tuesday dismissed a putative class action claiming Netflix Inc. misled investors about the financial viability of its streaming service, finding the investors didn't claim the company had made false statements.

U.S. District Judge Samuel Conti ruled Tuesday that the investors failed to prove Netflix had made false statements to them and to regulators. The judge sided with Netflix's argument that it hadn't made any assurances to investors about a decision to change its business model, but rather simply explained the concept....
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Case Information

Case Title

In Re Netflix, Inc., Securities Litigation

Case Number



California Northern

Nature of Suit



Samuel Conti

Date Filed

January 13, 2012

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