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Disney Gets Support From 2 Activists Amid Board Fight

Law 360

Blackwells Capital and ValueAct Capital on Wednesday both spoke out in support of The Walt Disney Co. 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.

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Disney Board, Execs Sued In Del. Amid Disney+ Struggles

Law 360

Pointing to weak results from The Walt Disney Co. 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.

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Disney sues Florida governor DeSantis over ‘relentless campaign to weaponize government power’

JURIST

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.

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Disney Says DeSantis Can't Avoid Constitutional Claims

Law 360

The Walt Disney Co. 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.

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First Amendment Group Backs Disney Claims Against Florida

Law 360

A media rights nonprofit on Friday threw its support behind The Walt Disney Co.'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.

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Disney Investor Aims Probed In Del. Suit Over Fla. LGBTQ Law

Law 360

A Delaware vice chancellor pressed a Walt Disney Co. 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.

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Film Financier Claims 'Hollywood Accounting' By Disney

Law 360

Film financing company TSG Entertainment sued The Walt Disney Co. 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.