JAKARTA. Netflix Inc., a Video On Demand (VOD) platform with a market capitalization of US$ 128.44 billion, is being sued by a law firm from Panama for releasing a film about money laundering "The Laundromat".
Mossack Fonseca, the law firm, is known as an institution that helps conglomerates and politicians from various countries, to set up foreign bank accounts. The firm was also exposed in the leak of the Panama Papers document, which lists the wealth of the conglomerates who are owners of 785 thousand shell companies.
Netflix declined to give an official response, although the lawsuit was filed on Wednesday (16/10) in the Federal Court of the New Haven District, Connecticut, United States.
H. Jefferson Powell, Professor of Law at Duke Law School, said Mossack Fonseca's lawyers had to prove that the film was really made to disparage their image. But if the filmmaker has good reason to justify the activities in the film, "then this lawsuit will fail," Powell was quoted as saying by The New York Times on Friday (18/10) today. (KR/AR)