Netflix beats shareholder lawsuit over account-sharing disclosures

Netflix (NFLX.O) has defeated a lawsuit filed by shareholders in a federal court in California that accused the streaming entertainment company of hiding the extent to which account-sharing was hindering its growth.A Texas-based investment trust sued in May 2022, after Netflix shares lost a third of their value when the company said subscribers were decreasing for the first time in a decade. The lawsuit sought damages on behalf of investors who bought Netflix shares between January 2021 and April 2022.U.S. ...