Netflix To Settle Exec Bonus-Rigging Lawsuit

By Emily Brill (September 30, 2019, 2:21 PM EDT) -- Netflix Inc. has reached a tentative settlement in a shareholder derivative suit in California federal court that accused the company of rigging its executive bonus program to guarantee $27 million in payouts. 

The streaming service and more than a dozen of its current and former executives and board members, including CEO Reed Hastings, joined the City of Birmingham Relief and Retirement System on Friday in asking U.S. District Judge Beth Labson Freeman to vacate a case management conference while the two sides finalize their deal.

The case had reached an impasse in the spring, when Netflix refused to fork over four...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Companies

Government Agencies

Judge Analytics

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!