Disney Wins One As Delaware Judge Rules For Company In Shareholder Lawsuit
deadline.comA judge in Delaware Chancery Court has ruled against a shareholder who sued Disney for documents regarding its opposition to Florida’s so-called Don’t Say Gay law.
The decision came as a separate, more sweeping lawsuit moves forward in the state, where Disney has sued Gov. Ron DeSantis for retaliation after the company spoke out against the legislation.
Plaintiff Kenneth Simeone called Disney’s decision to oppose the controversial bill negligent since it created a backlash that harmed the stock and business.
Judge Lori Will ruled, however, that there’s no evidence of wrondoing and that the plaintiff was a tool of his attorneys, who solicited him to bring the case and drove it forward. “The court must determine whether the plaintiff has demonstrated a proper purpose to inspect books and records.
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