Headquarters of internet movie pioneer Netflix, in Los Gatos, CA. Derivative Suit Filed Against Netflix Over Allegedly Deficient Growth Disclosures
This suit was surfaced by Law.com Radar. Read the complaint here.
February 06, 2023 at 03:57 PM
1 minute read
Securities Litigation
Netflix and members of its board of directors were slapped with a shareholder derivative lawsuit on Friday in Delaware District Court. The suit, filed by Long Law and Rowley Law on behalf of Gerald Joseph Lovoi, accuses the defendants failing to disclose a slowdown in the company's growth and of downplaying challenges in acquiring and retaining customers. Counsel have not yet appeared for the defendants. The case is 1:23-cv-00134, Lovoi v. Barton et al.
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