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Netflix, Inc. (NFLX) Message Board

  • mmonday88 mmonday88 Sep 19, 2011 9:07 AM Flag

    Law Firm of Klayman & Toskes Launches Investigation

    NEW YORK, Sep 19, 2011 (BUSINESS WIRE) -- The Securities Arbitration Law Firm
    of Klayman & Toskes, P.A. ("K&T"), www.nasd-law.com, announced today that it is
    investigating claims on behalf of Netflix (NasdaqGS: NFLX) shareholders who
    sustained investment losses due to an over-concentration of shares in Netflix.
    Trading at almost $300 per share earlier this year, Netflix has declined about
    48% and is now trading around $155 per share. With news that subscribers are
    fleeing in droves, Netflix's stock price may decline even further.

    Since 2000, K&T has pioneered the representation of High Net Worth ("HNW") and
    Ultra-HNW clients who sustained investment losses as a result of holding
    concentrated positions in a single security or sector, in a full-service
    brokerage account. The clients we represented and continue to represent include
    founders of public companies and key employees across several industries,
    particularly in technology and telecommunication, who received large grants of
    stock options or Rule 144 restricted stock. The claims, filed in the Financial
    Industry Regulatory Authority ("FINRA") Arbitration Department f/k/a NASD and
    NYSE, focused on the mismanagement of the clients' portfolios given the fact
    that there were risk management strategies that would have protected the value
    of the concentrated portfolio. Such risk management strategies include stop loss
    and limit orders, protective puts and collars. Stop loss orders, limit orders
    and protective puts provide an account with downside protection and an exit
    strategy should the stock decline in value. A hedge strategy, known as a "zero
    cost" collar, would have created a range of value that the portfolio would have
    maintained irrespective of the fluctuation and direction of the underlining
    stock price. The failure to use risk management strategies as well as the
    failure to "hedge" the value of a concentrated portfolio directly exposes an
    investor's concentrated position to the fluctuations in the volatile securities
    markets.

    The sole purpose of this release is to investigate, on behalf of our clients,
    sales practice violations of licensed brokers at major Wall Street brokerage
    firms. Investors who held Netflix stock with a full service brokerage firm and
    sustained significant losses can contact K&T to explore their legal rights and
    options. The attorneys at K&T are dedicated to pursuing claims on behalf of
    investors who have suffered investment losses. K&T, an experienced, qualified
    and nationally recognized securities litigation law firm, practices exclusively
    in the field of securities arbitration and litigation. It continues its
    representation of investors throughout the world in securities arbitration and
    litigation matters against major Wall Street brokerage firms.

    If you wish to discuss this announcement or sustained substantial investment
    losses as a result of holding a concentrated position in Netflix, please contact
    Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of Klayman & Toskes,
    P.A., at 888-997-9956, or visit us on the web at http://www.nasd-law.com

    SOURCE: Klayman & Toskes, P.A.

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