Shareholder Claims Against Netflix Board Investigated by Goldfarb Branham LLP Securities Lawyers

DALLAS, Jan. 25, 2012 /PRNewswire/ -- Goldfarb Branham LLP is investigating possible breaches of shareholder protection laws by certain officers and directors at Netflix, Inc. (NASDAQ: NFLX). Concerned Netflix shareholders who would like more information about their rights and remedies can contact securities lawyer Hamilton Lindley at 877-583-2855 or by email at [email protected].

Board members watched over Netflix's purchase of $994 million worth of its own stock at inflated prices from 2007 to 2011 before the stock plummeted 70%. This buyback occurred despite the need to raise subscription costs, losing access to premium content providers and the separation of its mail and streaming services. Additionally, individual members of the board exercised and sold stock options worth hundreds of millions of dollars before the stock plummeted. Together, these actions by officials have subjected Netflix to costly public and legal scrutiny that continues to harm the company and its investors. Goldfarb Branham plans a shareholder lawsuit to restore Netflix's value for its long-term investors.

Goldfarb Branham LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. Netflix shareholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at [email protected] or 877-583-2855.

Hamilton Lindley
Goldfarb Branham LLP
2501 N. Harwood, Ste. 1801
Dallas, TX 75201
(877) 583-2855 Toll Free Telephone
(214) 583-2233 Local Phone Number
(214) 583-2234 Fax Number
[email protected]
www.goldfarbbranham.com

SOURCE Goldfarb Branham LLP