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A class action has been filed against the online movie rental service Netflix, Inc. and certain of its officers and directors by stockholders who purchased the company’s common stock between October 1, 2003 and July 15, 2004. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company’s securities. The stockholders seek to recover compensatory damages for the loss of value of their stock.

Several class actions have been filed against personal protection and safety equipment manufacturer Abatix Corporation (Nasdaq:ABIX) and certain of its officers and directors by stockholders who purchased the company's common stock between 5:05 p.m. Eastern Standard Time on April 14, 2004, and 8:24 a.m. EST on April 21, 2004. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities.

An administrative proceeding has been filed against Smart Inventions, Inc., a California-based direct response TV company, and its Chief Operating Officer, Jon D. Nokes, by the Federal Trade Commission on behalf of persons who purchased “Biotape,” a tape-like substance promoted to treat or cure severe pain. The action alleges that there is no substantial evidence that the product relieves pain, and that the advertisements violate the FTC Act because they are false and misleading.

Class-action Status Sought Against Old South Restaurant in Salmonella Outbreak

A class action has been filed against major tobacco companies on behalf of current and former light cigarette smokers in New York. The action alleges that the companies violated the federal Racketeer Influenced and Corrupt Organizations Act when they advertised light cigarettes as being less harmful than regular cigarettes despite knowing they deliver comparable amounts of tar and nicotine.

Insight Communications, a broadband service in Kentucky, Indiana, Illinois and Ohio, faces a class action lawsuit that four Insight customers filed against the company in Jefferson Circuit Court, claiming breach of contract and consumer protection violations resulting from loss of service.

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