Berkeley CSUA MOTD:Entry 54290
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2025/05/25 [General] UID:1000 Activity:popular
5/25    

2012/1/18-3/3 [Computer/SW/Languages/Java, Finance/Investment] UID:54290 Activity:nil
1/18    I own a bunch of NFLX stocks bought at several different periods
        (from high $200 all the way down to $80). I dumped a few and
        still have a few. Why the hell is Reid Hastings still making
        $500,000/year? How do I join the pending NFLX Class Action
        Lawsuit?
        \_ Why would you buy stock in a company run by a narcissistic
           a-hole who mistreats his employees? Do you own Zynga stock
           as well? You automatically join class action suits unless
           you opt out of them.
        \_ http://tinyurl.com/72s4cn8
        \_ Did you hold on to enough of your stock to be in the black
           now?
2025/05/25 [General] UID:1000 Activity:popular
5/25    

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tinyurl.com/72s4cn8 -> eon.businesswire.com/news/eon/20120120005904/en/Netflix/NFLX/class-action
com/cases/nflx) announces that a class action lawsuit has been filed in United States District Court for the Northern District of California on behalf of purchasers of the common stock of Netflix, Inc. The Complaint alleges that Netflix and certain of its officers and directors violated federal securities laws. Specifically, defendants failed to disclose the following: Netflix had short-term contracts with content providers and defendants were aware that the Company faced the choice of renegotiating the contracts in 2011 at much higher rates or not renewing them at all; content providers were already demanding much higher license fees, which would dramatically alter Netflix's business; defendants recognized that Netflix's pricing would have to dramatically increase to maintain profit margins given the streaming content costs they knew Netflix would soon be incurring; and Netflix was not on track to achieve the earnings forecasts for 2011. If you are a member of the class, you may, no later than March 13, 2012, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Ryan & Maniskas, LLP or other counsel of your choice, to serve as your counsel in this action. Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.