This article first appeared on GuruFocus.
After a Rome court ruled that Netflix (NFLX, Financials) raised subscription prices from 2017 to 2024 in violation of consumer protection laws, the company is at greater legal risk in Italy.
The court said that Netflix's contract terms didn't clearly explain why those prices went up. The decision could mean that millions of current and former users get their money back.
The court also told Netflix to lower prices for users who were affected. The price of a premium plan could go down from 19.99 to 11.99, and the price of a standard plan could go down from 13.99 to 9.99.
Lawyers for the consumer group said premium users who had been paying since 2017 could get back up to 500. Users of the standard plan could get about 250.
The court also told Netflix to tell affected users, including former subscribers, and to post the decision on its website and in the national press.
Netflix has said that it thinks its terms were in line with Italian law and plans to appeal. The company hasn't responded to the latest order to lower prices.
LATEST POSTS
- 1
Israel strikes Beirut amid rocket fire from Hezbollah and Iran - 2Cocoa Prices Settle Lower on Expectations of Adequate Supplies
- 3'Seditious behavior': Trump accuses Democrats who made video reminding the military not to follow illegal orders of a crime — but is it?
- 4American tourists left stranded in the Caribbean following flight cancellations after airspace closed for Maduro operation
- 5Lahav 433 head Asst.-Ch. Meni Benjamin named as police officer investigated for breach of trust
- A definitive Burger Confrontation: Which One Rules?
- Zelensky warns of imminent massive Russian attack on Ukraine
- The Force of Positive Reasoning: Day to day Attestations
- Remain Fit: Powerful Wellness and Work-out Schedules for a Better You
- 9 Under-The-Radar Malaysian Islands To Consider Instead Of Thailand Or Indonesia
- NASA troubleshoots Artemis II toilet problem in otherwise smooth flight
- Vote In favor of Your Favored Web-based Visual depiction Administration
- Telescope in Chile captures stunning new picture of a cosmic butterfly
- Health insurance premiums rose nearly 3x the rate of worker earnings over the past 25 years
