A activist shareholder law firm has announced that it has commenced an investigation on behalf of Netflix, Inc. (“Netflix” or the “Company”) (NASDAQ: NFLX) investors concerning the Company’s possible violations of the federal securities laws.
If you suffered a loss on your Netflix investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/netflix-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
On April 19, 2022, after the market closed, Netflix reported that it lost 200,000 subscribers during the first quarter, while analysts had expected the Company to add 2.5 million net subscribers.
On this news, Netflix’s stock fell as much as 35% during intraday trading on April 20, 2022, thereby injuring investors.
Whistleblower Notice: Persons with non-public information regarding Netflix should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected].