Netflix being sued by angry investors over information withheld
Highly rated gadgets
-
8.0
BlackBerry Motion
-
9.1
Apple iPhone XS Max
-
10.0
FujiFilm X-T3
-
10.0
Nikon Z 7
-
9.0
Panasonic LUMIX LX100 II
-
9.0
FujiFilm XF10
-
9.1
Apple iPhone XS
-
8.5
Xiaomi Mi A2
-
9.0
Sony WH-1000XM3
The big red envelope at Netflix is about to be full of court-related documents as angry investors have hit them with a class-action lawsuit saying they’ve withheld information from them just prior to a stock fall late last year. This lawsuits is being filed down in Northern California in U.S. District Court by the City of Royal Oak Retirement System, and is being filed on behalf of “all plaintiffs similarly situated.” What they’re saying, essentially, is that the Netflix senior management staff didn’t let known to their investors that quite a few contracts surrounding online streamed content would be renegotiated at much higher costs than they’d been worked out at before. »read more
More at: SlashGear Add additional source