Johan Wallerstein filed a complaint in California federal court against Netflix, CEO Reed Hastings and CFO Spencer Neumann. The class action suit alleges that Netflix’s April 2019 letter to shareholders included “materially false and/or misleading” statements that did not disclose the potential impact of factors including price increases and content releases on subscriber growth figures. - Ben Munson, FierceVideo [via/web:http://streaming-tv.us]
No comments:
Post a Comment