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January 19, 2012 08:31 pm GMT
Armed with pitchforks and hindsight, class action lawyers are gathering up mobs of angry shareholders who lost money and going after the company. Earlier this week a lawsuit was filed against Netflix senior management for not disclosing the short-term nature of its contracts to stream certain movies. And this morning a shareholder rights group called Robbins Umeda announced an "investigation" which could lead to another class-action suit.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/_vnJg0yt1dQ/
The Shareholder Pitchforks Are Out For Netflix
Armed with pitchforks and hindsight, class action lawyers are gathering up mobs of angry shareholders who lost money and going after the company. Earlier this week a lawsuit was filed against Netflix senior management for not disclosing the short-term nature of its contracts to stream certain movies. And this morning a shareholder rights group called Robbins Umeda announced an "investigation" which could lead to another class-action suit.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/_vnJg0yt1dQ/
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