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Disney filed a lawsuit on Wednesday against Florida Governor Ron DeSantis and state officials, accusing them of spearheading a “relentless campaign to weaponize government power” against the entertainment giant. DeSantis hit back in April 2022 by revoking the special status of Reedy Creek — a Disney-operated municipal district.
Discovery called off their Venu joint live sports streaming venture Friday, just days after ESPN parent company The WaltDisneyCo. ESPN, Fox and Warner Bros. used the acquisition of a majority stake in streaming startup FuboTV Inc. to nix Fubo's challenge to Venu on the courthouse steps.
Blackwells Capital and ValueAct Capital on Wednesday both spoke out in support of The WaltDisneyCo. as the company tries to fend off two other activist firms in their attempt to get Trian Fund Management's Nelson Peltz nominated to the Disney board of directors.
The WaltDisneyCo. Ron DeSantis' past bravado in their ongoing feud, as the company urged a federal judge this week to reject state officials' bid to toss its lawsuit over the recent reorganization of a self-governing special district covering Disney's extensive central Florida land holdings.
Pointing to weak results from The WaltDisneyCo. streaming services despite upbeat company claims, a New Jersey investment firm sued its top officers and directors in Delaware's Court of Chancery Thursday for breaches of fiduciary duty and insider trading, among other claims.
A media rights nonprofit on Friday threw its support behind The WaltDisneyCo.'s Ron DeSantis and other officials violated its First Amendment rights when they wrested control of a self-governing special district overseeing the company's extensive property near Orlando. s federal lawsuit claiming Florida Gov.
A Delaware vice chancellor pressed a WaltDisneyCo. stockholder's attorney Wednesday to identify the alleged "actionable wrongdoing" justifying his client's suit for more company records on Disney's opposition to Florida's controversial "Don't Say Gay" law.
Activist investor Third Point LLC is hitting the brakes on a plan to try to get The WaltDisneyCo. to separate ESPN into a stand-alone entity, after the CEO of Disney reportedly said the company had been "deluged" with interest from companies that want to buy the sports network.
Film financing company TSG Entertainment sued The WaltDisneyCo. and the former Twentieth Century Fox Film Corp. on Tuesday in Los Angeles Superior Court, claiming they have employed aggressive "Hollywood accounting" and self-dealing tactics to deprive it of hundreds of millions of dollars.
WaltDisneyCo. faces a federal lawsuit over the “Muppet Babies” by the original scriptwriter “who claims the company misused his work for a 2018 reboot of the show” and failed to pay him. The post Film Fridays – WaltDisneyCo.
The WaltDisneyCo. on Friday, accusing the credit card companies of jointly employing a slew of anti-competitive rules and restraints that cause merchants to pay high transaction fees, three years after opting out of a $6 billion multidistrict litigation settlement. launched an antitrust suit against Visa Inc.
A Delaware vice chancellor Tuesday axed a bid by a shareholder of The WaltDisneyCo. to get more company records related to its decision to publicly oppose Florida's so-called Don't Say Gay law, saying the records demand isn't driven by the shareholder, but by his attorneys.
In the latest example of board-related drama in a year riddled with it, embattled genetic testing company 23andMe was dealt yet another blow last week when all seven of its independent directors resigned en masse over disagreements about the company’s direction. Founded in 2006, 23andMe has had a challenging few months.
Allowing securities litigation over The WaltDisneyCo.'s s underperforming streaming service to go forward would discourage companies from trying "new, risky business plans," counsel for the entertainment giant told a California federal judge in an attempt to toss the suit Friday.
A Disney subsidiary reached an agreement Thursday with a former WaltDisney World worker to end her lawsuit alleging the company unlawfully fired her after a co-worker overheard her tell a story about disciplining her son for using the N-word, a filing in Florida federal court said.
It suggests the SEC and companies are treading particularly carefully over the new terrain of AI. These gestures often take the form of stockholder proposals that target the resulting ethical issues arising as publicly traded companies incorporate AI into their operations and business strategies.
The WaltDisneyCo. has recently been battered by layoffs, a hostile Florida governor and conservative criticism of the company's stance on abortion rights and gay issues. All three items came up at the company's annual meeting on Monday, but Disney prevailed on every vote.
Share The Petitions of the Week column highlights some of the cert petitions recently filed in the Supreme Court. A list of all petitions were watching is available here. The Supreme Courts landmark 2022 gun-rights ruling in New York State Rifle and Pistol Association v. Challengers have taken aim at two parts of the law.
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