Netflix Loses Fox Lawsuit Appeal


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  • Netflix Inc (NASDAQ:NFLX) lost its appeal to a court decision that the company stops poaching fixed-term staff from Fox Corp (NASDAQ:FOX) (NASDAQ:FOXA), Bloomberg reports, citing a California appellate court. 
  • Fox’s agreements provided “stability and predictability” for employees, Justice Dorothy C. Kim said. 
  • She also rejected Netflix’s argument that Fox pressed employees into extending their contracts, thereby holding them under contract longer than the legally allowed limit under California law.
  • The poached employees in question were “sophisticated business executives who negotiated their fixed-term employment agreements with Fox at arm’s length,” Kim wrote.
  • Fox prosecuted Netflix in 2016, claiming the streaming service attracted certain Fox executives to depart the company and a state trial court ordered an injunction.
  • Price Action: NFLX shares traded higher by 0.73% at $620.94 premarket on the last check Friday.

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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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