We are investigating possible false and misleading statements , accounting and reporting practices and breaches of fiduciary duty and violations of the federal securities laws by the Board of Directors and certain Company officers of Netflix, Inc. (NASDAQ: NFLX) (“Netflix” or the “Company”) concerning the Company's growth and customer retention, leading to a significant stock price drop after Netflix revealed in April that it had lost more than 200,000 subscribers.

Netflix’s share price plummeted from approximately $597.37 in January to $226.19 at the end of April, after revelation that: (1) Netflix was exhibiting slower acquisition growth due to account sharing by customers and increased competition from other streaming services; (2) it was experiencing difficulties retaining customers; (3) that the Company was losing subscribers on a net basis; (4) its financial results were being adversely affected; and (5) the positive statements about its business, operations and prospects were materially false, misleading, and lacked a reasonable basis.

Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients.  For more information about the firm, please go to: http://www.weisslaw.co