In re Netflix, Inc. Stockholder Derivative Litigation
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA
Case No. 22-cv-04134-JST
IN RE NETFLIX, INC.
STOCKHOLDER DERIVATIVE ORDER TO SHOW CAUSE WHY
LITIGATION CASE SHOULD NOT BE STAYED 10
12 This case raises similar allegations to the securities class action that is also before this Court, In re Netflix, Inc. Securities Litigation, Case No. 22-cv-02672-JST. “Courts generally stay a shareholder derivative suit until the culmination of a securities class action when the cases arise from the same factual allegations and the evidence in the former could jeopardize the company’s defense in the latter.” In re STEC, Inc. Derivative Litig., No. CV 10-00667-JVS (MLGx), 2012 WL 8978155, at *4 (C.D. Cal. Jan. 11, 2012); see also, e.g., In re RH S’holder Derivative Litig., No. 18-cv-02452-YGR, 2019 WL 580668, at *3-5 (N.D. Cal. Jan. 23, 2019). Parties in two recent shareholder derivative cases before this Court have agreed to stay proceedings pending resolution of the related securities class…