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Aug 29, 2023 · Beginning in December 2020, Disney’s top executives “repeatedly misled investors” about the extent of Disney+’s losses, according to the complaint filed Wednesday by New Jersey-based ...
- Derek Saul
May 15, 2023 · Disney, its then-CEO, Robert Chapek, and other executives are named as defendants in the suit, filed May 12 in the US District Court for the Central District of California by a pension fund. They “repeatedly misled investors about the success of the Disney+ platform by concealing the true costs of the platform, concealing the expense and difficulty of maintaining robust Disney+ subscriber ...
- mbarash@bloomberglaw.com
- Reporter
May 15, 2023 · The suit points to the statement as evidence that Chapek’s comments on his reorganization were meant to mislead investors. It also argues that Disney’s fiscal second quarter earnings last week ...
- Winston Cho
Aug 30, 2023 · Disney is facing a lawsuit from one of its investors that claims the media giant misled shareholders about the success of its Disney+ streaming service by employing deceptive accounting methods. Stourbridge Investments filed the lawsuit, obtained by Deadline, which says Disney breached its fiduciary duties by issuing “false and misleading statements and/or omitting material information […]
Sep 1, 2023 · The lawsuit claims that these statements were meant to mislead investors. In November 2022, Disney reported significant misses on analyst estimates for revenue, sales, and earnings, with its ...
Sep 6, 2023 · Photo: David Paul Morris/Bloomberg via Getty Images. On August 23, a group of Disney shareholders filed suit against the entertainment giant claiming that executives had misled investors about the ...
Apr 3, 2024 · Disney has won a boardroom battle against critics who had accused the media giant of botching its streaming strategy and losing its creative spark. Activist investors, including Nelson Peltz of ...
