Failure To Plead Falsity, Scienter Leads To Dismissal Of Netflix Securities Suit

Mealey's (September 26, 2018, 2:21 PM EDT) -- SAN FRANCISCO — A federal judge in California on Sept. 25 ruled that the lead plaintiff in a securities class action against Netflix Inc. and certain of its senior executives failed to sufficiently show that the defendants’ alleged misstatements concealing the financial effects of the company’s enacted price increase on its subscription figures were false or misleading when made (James Ziolkowski v. Netflix Inc., et al., No. 17-1070, N.D. Calif., 2018 U.S. Dist. LEXIS 164641)....