Netflix shareholder lawsuit charging bogus bonuses dismissed

//Netflix shareholder lawsuit charging bogus bonuses dismissed

Netflix shareholder lawsuit charging bogus bonuses dismissed

A federal judge has dismissed a shareholder lawsuit levied against Netflix Inc., but the complainant can amend the complaint by the end of the week if it addresses a couple of issues the judge had with it. Here’s the background: The City of Birmingham Relief and Retirement System filed suit in April of last year accusing Netflix (NASDAQ: NFLX) of breaches of fiduciary duties and corporate waste for paying performance-based bonuses that were anything but in order to capitalize on a tax loophole. Under…

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By | 2019-03-11T20:45:01+00:00 March 11th, 2019|Media|

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