Saturday, February 11, 2012

Netflix class action settlement

  • SAN FRANCISCO -- Netflix pressed the rewind button on its fourth-quarter earnings after settling allegations that the video subscription service violated a consumer-privacy law.
  • (Huffington Post)
  • A Class Action lawsuit was filed against Netflix which claims even more consumers to avoid the streaming video company. After all, a settlement may be good for some, but Netflix will surely raise their prices even more to recoup their losses.
  • (Examiner)
  • Netflix (NSDQ: NFLX) has been hit with a class-action suit by a group of disgruntled against companies like Enron and ATT (NYSE: T).
  • (
  • A federal judge says the Oakland Police Department still hasnt come through on reforms ordered as part of a legal settlement and consent decree better outcome than would be achieved through a class-action case. AGOURA HILLS, Calif.
  • (San Francisco Examiner)
  • In earnings news, Netflix (NFLX - 95.04) reported a fourth-quarter profit ETFCs bottom-line results were negatively affected by a $10.8-million class action settlement against the firm. Revenue for the online finance issue fell 8.3% to $475 million.
  • (NASDAQ)

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