Netflix can’t seem to catch a break and this time the company is facing a class action lawsuit. A group of investors is suing Netflix, claiming that the company and its insiders concealed negative trends that preceded the plummeting of its stock. Netflix’s CEO Reed Hastings is among the defendants named in the lawsuit. Read the full article at HuffingtonPost.com
Netflix Faces Class Action Lawsuit
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).