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U.S. judge throws out Netflix shareholder lawsuit
Thursday February 14th 2013, 2:21 pm Filed under Shareholder lawsuit

(Reuters) - Netflix Inc won the dismissal of a shareholder lawsuit accusing the dominant U.S. video rental and streaming company of inflating its share price by concealing its rising costs, even as insiders like Chief Executive Reed Hastings sold millions of dollars of stock. U.S. District Judge Samuel Conti in San Francisco on Wednesday said the plaintiffs failed to show that Netflix materially ... [News Source]