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Sept. 19, 2019, 12:48 p.m. EDT

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

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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.

Mallinckrodt Public Limited Company /zigman2/quotes/209283217/composite MNK +4.31%

Class Period: February 28, 2018 - July 16, 2019

Lead Plaintiff Deadline: September 24, 2019

Join the action: https://www.zlk.com/pslra-1/mallinckrodt-public-limited-company-loss-form?wire=3

Allegations: During the class period, Mallinckrodt Public Limited Company made materially false and/or misleading statements and/or failed to disclose that: (i) Acthar posed significant safety concerns that rendered it a non-viable treatment for ALS; (ii) accordingly, Mallinckrodt overstated the viability of Acthar as an ALS treatment; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

To learn more about the Mallinckrodt Public Limited Company class action contact jlevi@levikorsinsky.com.

Ollies Bargain Outlet Holdings, Inc. /zigman2/quotes/208674659/composite OLLI +0.60%

Class Period: June 6, 2019 - August 28, 2019

Lead Plaintiff Deadline: November 18, 2019

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

Allegations: Ollies Bargain Outlet Holdings, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company suffered a supply chain issue that impacted the initial inventory available at new stores; (2) as a result, the Company lacked sufficient inventory to meet demand at certain store locations; (3) as a result, the Company's comparable store sales were likely to decrease quarter-over-quarter; 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.

/zigman2/quotes/209283217/composite
US : U.S.: NYSE
$ 2.66
+0.11 +4.31%
Volume: 8.77M
Oct. 18, 2019 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$223.46 million
Rev. per Employee
$869,081
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/zigman2/quotes/208674659/composite
US : U.S.: Nasdaq
$ 63.54
+0.38 +0.60%
Volume: 1.28M
Oct. 18, 2019 4:00p
P/E Ratio
30.32
Dividend Yield
N/A
Market Cap
$4.04 billion
Rev. per Employee
$179,718
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