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
Investigation reveals sperm donor passed on cancer risk to dozens of children across Europe - 2
Cathay Pacific raises fuel surcharge on all flights by 34% - 3
International issues on the agenda as Frances's Macron visits China - 4
Grasping Various Kinds of Local misdemeanors - 5
A Pompeii site reveals the recipe for Roman concrete. It contradicts a famous architect’s writings
Police investigate Lahav 433 officer accused of sexually harassing subordinate policewoman
Roche breast cancer pill cuts risk of disease recurrence by 30% in trial
Incredible Travel Objections for Craftsmanship Darlings to Visit
Why are malnutrition deaths soaring in America?
'We were genuinely astonished': This moss survived 9 months outside the International Space Station and could still grow on Earth
Step by step instructions to Pick the Right Web-based Degree Program
Vice President Dick Cheney’s life followed the arc of the biggest breakthroughs in cardiovascular medicine
Cocoa Prices Sink on Favorable Crop Conditions in West Africa
5 Home EV Chargers for Proficient and Solid Charging













