April 14, 2016 - The U.S. Court of Appeals for the Ninth Circuit affirmed the district courts decision.
February 18, 2016 - The lead plaintiffs filed a notice of appeal.

September 27, 2013 - The court ordered and adjudged that the defendants' motion to dismiss is granted.

August 20, 2013 - The court granted the defendants' motion to dismiss with prejudice.

April 24, 2013 - The defendants filed a motion to dismiss.

March 22, 2013 - The lead plaintiffs filed another amended consolidated complaint.

February 13, 2013 - The court granted the defendants' motion to dismiss with leave to amend.

August 27, 2012 - The defendants filed a motion to dismiss.

June 26, 2012 - The lead plaintiffs filed an amended consolidated complaint on behalf of investors who purchased Netflix Inc (NASDAQ: NFLX) common shares between October 20, 2010 and October 24, 2011. The lead plaintiffs allege that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between October 20, 2010 and October 24, 2011.

April 27, 2012 - The lead plaintiffs and lead counsel were appointed.

April 5, 2012 - All cases were consolidated.

March 13, 2012 - Lead plaintiff motions were filed.

January 13, 2012 - An investor in shares of Netflix Inc (NASDAQ: NFLX) filed a lawsuit in the U.S. District Court for the Northern District of California against Netflix Inc over alleged violations of Federal Securities Laws.

The lawsuit by the current investor against directors over alleged breaches of fiduciary duties follows an earlier lawsuit by investors against Netflix Inc itself over alleged Securities Laws Violations. The lawsuit against Netflix Inc itself was filed only for investors who purchased shares between December 20, 2010 and October 24, 2011, while the lawsuit against directors was filed on behalf of all current stockholders.

On July 25, 2011, after the market closed, Netflix Inc has released its second-quarter 2011 financial results. Netflix Inc’s third-quarter sales and profit forecast missed analysts’ estimates and Netflix Inc disclosed that a price change would cause a negative impact in new customer signups.

On September 15, 2011, Netflix Inc updated its third quarter 2011 guidance and revealed that it had lost a million subscribers due to its recently announced price increases becoming effective.

On September 19, 2011, so the lawsuit, Netflix Inc announced that, in an effort to offset costs and rapidly defecting customers, Netflix Inc would begin charging separately for its two services and had raised prices as much as 60%.

Then, on October 24, 2011, Netflix Inc issued its third quarter 2011 shareholder letter, which reported a net loss of 810,000 U.S. subscribers.

Shares of Netflix Inc (NASDAQ: NFLX) declined from as high as almost $300 in July 2011 to slightly over $77 on October 25, 2011 and declined in November 2011 to as low as $63.85 per share.

Since then Netflix Inc shares have recovered some value and closed on February 16, 2012 at $121.91 per share, still less than half the value from July 2011.