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Litigation

Aug. 17, 2004

Suit Says Netflix Inflated Number of Its Subscribers

Shareholders of Netflix Inc., an online video rental company, have filed a federal class action saying that Netflix violated U.S. securities fraud laws and artificially inflated prices for its stock.

By Amy K. Spees
        Shareholders of Netflix Inc., an online video rental company, have filed a federal class action saying that Netflix violated U.S. securities fraud laws and artificially inflated prices for its stock.
        The suit says that Netflix, specifically Chief Executive Officer Reed Hastings, Chief Financial Officer Barry McCarthy...

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