NEW YORK, July 23, 2019 /PRNewswire/ -- Bernstein Liebhard
LLP, a nationally acclaimed investor rights law firm, announces
that a securities class action lawsuit has been filed on behalf of
those who purchased or acquired the securities of Netflix, Inc.
("Netflix" or the "Company") (NASDAQ: NFLX) between April 17, 2019, and July
17, 2019, both dates inclusive. The lawsuit seeks to
recover Netflix shareholders' investment losses.
If you purchased Netflix securities, and/or would like to
discuss your legal rights and options please visit Netflix NFLX
Shareholder Class Action or contact Matthew
E. Guarnero toll free at (877) 779-1414 or
MGuarnero@bernlieb.com.
According to the lawsuit, throughout the Class Period, the
Defendants failed to disclose that: (1) Netflix would not be able
to gain its expected target number of new subscribers in the second
quarter of 2019; (2) Netflix would also lose subscribers from
the United States in the second
quarter of 2019; and (3) as a result, defendants public statements
were materially false and misleading at all relevant times.
On July 17, 2019, after the market
closed, Netflix released a letter to shareholders which revealed
that Netflix had missed its expected target number of new
subscribers. On this news, shares of Netflix plummeted $47.34 per share, over the next two trading
days.
If you purchased NFLX securities, and/or would like to
discuss your legal rights and options please visit
https://www.bernlieb.com/cases/netflixinc-nflx-shareholder-class-action-fraud-lawsuit-stock-155/
or contact Matthew E. Guarnero toll
free at (877) 779-1414 or MGuarnero@bernlieb.com.
If you wish to serve as lead plaintiff, you must move the court
no later than September 20, 2019. A
lead plaintiff is a representative party acting on behalf of other
class members in directing the litigation. Your ability to share in
any recovery doesn't require that you serve as lead plaintiff. If
you take no action, you may remain an absent class member.
Since 1993, Bernstein Liebhard LLP has recovered over
$3.5 billion for its clients. In
addition to representing individual investors, the Firm has been
retained by some of the largest public and private pension funds in
the country to monitor their assets and pursue litigation on their
behalf. As a result of its success litigating hundreds of lawsuits
and class actions, the Firm has been named to The National Law
Journal's "Plaintiffs' Hot List" thirteen times and listed in The
Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2019 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for this
advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter
Contact Information
Matthew E. Guarnero
Bernstein Liebhard LLP
http://www.bernlieb.com
(877) 779-1414
MGuarnero@bernlieb.com
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SOURCE Bernstein Liebhard LLP