Tag: Shareholder Lawsuit
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Disney Wins Shareholder Lawsuit Over Criticism of Governor DeSantis
The Walt Disney Company has won a lawsuit brought against it by a shareholder who argued that Disney acted negligently when it criticized Florida Governor Ron DeSantis and the Florida State Legislature over a sexual identity law. The lawsuit was brought against Disney by shareholder Kenneth Simeone. In the lawsuit, Kenneth Simeone sought internal records…
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Disney Shareholder Sues Disney and Ex-Disney CEO Bob Chapek Over Missed Streaming Results
A Disney shareholder has filed a lawsuit against ex-Disney CEO Bob Chapek, current CFO Christine McCarthy, former streaming executive Kareem Daniel, and Disney itself over losses due to Disney’s streaming services. The lawsuit alleges that there were violations of securities law for misleading statements about Disney+ and the health of Disney’s streaming businesses. Local 272…