Netflix: Investors’ Suit Does Not Show Company Misled About Password Sharing

(April 18, 2024, 1:15 PM EDT) -- OAKLAND, Calif. — Streaming company Netflix Inc. and certain of its executives moved to dismiss with prejudice a putative class complaint brought by investors in a California federal court alleging the company made material misrepresentations about how it was affected by users sharing passwords, saying the investors did nothing to rectify the issues that led to an earlier version of their complaint being dismissed....