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Sept. 19, 2019, 9:46 a.m. EDT

CLASS ACTION UPDATE for NFLX, JE, PS and MGNX: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

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    Just Energy Group Inc. (JE)

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NEW YORK, Sep 19, 2019 (GLOBE NEWSWIRE via COMTEX) -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.

Netflix, Inc. (nasdaqgs:NFLX)

Class Period: April 17, 2019 - July 17, 2019

Lead Plaintiff Deadline: September 20, 2019

Join the action: https://www.zlk.com/pslra-1/netflix-inc-loss-form?wire=3

Allegations: Netflix, Inc. made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (1) Netflix would not be able to gain its expected target number of new subscribers in the second quarter of 2019; (2) Netflix would also lose subscribers from the United States in the second quarter of 2019; and (3) as a result, Defendants' public statements were materially false and misleading at all relevant times.

To learn more about the Netflix, Inc. class action contact jlevi@levikorsinsky.com.

Just Energy Group Inc. /zigman2/quotes/205585785/composite JE +1.72%

Class Period: November 9, 2017 - August 19, 2019

Lead Plaintiff Deadline: September 30, 2019

Join the action: https://www.zlk.com/pslra-1/just-energy-group-inc-loss-form?wire=3

Allegations: During the class period, Just Energy Group Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company experienced customer enrollment and nonpayment issues; (2) as a result, the Company was reasonably likely to incur an impairment charge to its accounts receivable; (3) as a result, the Company lacked adequate internal control over its financial reporting; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

To learn more about the Just Energy Group Inc. class action contact jlevi@levikorsinsky.com.

Pluralsight, Inc. (nasdaqgs:PS)

Class Period: August 2, 2018 - July 31, 2019

Lead Plaintiff Deadline: October 15, 2019

Join the action: https://www.zlk.com/pslra-1/pluralsight-inc-loss-form?wire=3

According to the filed complaint, the Company failed to disclose that Pluralsight was experiencing substantial delays in hiring and properly training the salesforce necessary to meet its lofty billing projections. In addition, the Company knew at the time of the March 2019 secondary public offering ("SPO") that it was behind schedule onboarding new sales representatives, which was hurting the Company's sales execution and preventing Pluralsight from meeting its high growth projections. Instead of disclosing such facts at the time of the SPO, and to cash-out at inflated prices, Defendants intentionally obscured and omitted this pertinent information from investors.

/zigman2/quotes/205585785/composite
US : U.S.: NYSE
$ 2.37
+0.04 +1.72%
Volume: 551,654
Oct. 18, 2019 6:30p
P/E Ratio
N/A
Dividend Yield
16.12%
Market Cap
$354.80 million
Rev. per Employee
$1.87M
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