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City of Birmingham Relief and Retirement System v. Hastings et al
Case Number:
5:18-cv-02107
See also:
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
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Firms
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May 04, 2020
Settlement Of Netflix Executive Bonus Suit Gets Initial OK
A California federal judge gave preliminary approval to a settlement between Netflix and an Alabama pension plan that said the entertainment streaming service flouted tax rules to guarantee $27 million in bonuses to its executives.
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March 06, 2020
Netflix Agrees To Disclose Exec Bonuses To Settle $27M Row
Netflix has agreed to more disclosure of executive pay practices to settle accusations the company skirted tax rules to guarantee $27 million in bonuses to executives, an Alabama pension plan said in asking a federal court to approve the agreement.
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September 30, 2019
Netflix To Settle Exec Bonus-Rigging Lawsuit
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.
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July 22, 2019
3 Executive Compensation Cases To Watch As 2019 Rolls On
Hertz demands $70 million back from its former top brass, a pension fund claims Netflix rigged its executive bonus program, and a Goldman Sachs stockholder wants company directors to pay themselves less. Here are three suits that executive compensation attorneys should keep an eye on in the second half of 2019.
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May 20, 2019
Netflix Investor Wants More Docs Released In Exec Bonus Suit
A Netflix shareholder urged a California federal judge to make the streaming service fork over four more documents in its suit claiming the company's board knew about an alleged tax evasion scheme that funneled $27 million to executives, arguing the information wasn't privileged.
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May 15, 2019
Netflix Wants To Keep Hiding Info In Suit Over $27M Bonuses
Netflix wants to continue shielding information that a shareholder says could save a legal challenge to the media giant's alleged practice of rigging executive bonuses, telling a California judge on Tuesday that the information is protected by attorney-client privilege.
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March 11, 2019
Tax Suit Over Netflix $27M Exec Bonus Payout Gets Tossed
A California federal court has tossed a shareholder suit against Netflix, saying it didn't prove the company's board knew an executive compensation plan and $27 million payout failed to comply with tax regulations, but left room for a new action.
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August 27, 2018
Netflix Shareholder Fights Move To Ax Bonus-Rigging Suit
A Netflix Inc. shareholder told a California federal judge Friday that its failure to approach Netflix's board of directors before suing over an alleged bonus-rigging scheme shouldn't torpedo the lawsuit, arguing that approaching the board would've been futile because board members masterminded the alleged scheme.
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June 11, 2018
Netflix Rejects Claims That Exec Bonuses Hurt Shareholders
Netflix Inc. asked a California federal judge Friday to toss a shareholder suit accusing the streaming service of misclassifying executives' "exorbitant" bonuses for tax purposes, saying the shareholder failed to either notify Netflix's board before suing or prove the board couldn't fairly handle the issue.