Pension Funds, Labaton Take Lead In Netflix Securities Suit

Law360, New York (May 1, 2012, 5:58 PM EDT) -- A California federal judge on Friday named two pension funds as lead plaintiffs in a putative securities class action against Netflix Inc. and approved Labaton Sucharow LLP as lead counsel for the suit, which alleges the home video provider violated federal securities laws.

U.S. District Judge Samuel Conti selected Arkansas Teacher Retirement System and State-Boston Retirement System as lead plaintiffs in the proposed class action over a group of individual investors led by Frank J. Fish, and also approved Zelle Hofmann Voelbel & Mason LLP as...
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