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Local 272 Labor-Management Pension Fund v. The Walt Disney Company et al
Case Number:
2:23-cv-03661
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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February 20, 2025
Bob Iger Insider Trading Claim Cut From Disney+ Investor Suit
A Los Angeles federal judge narrowed a putative securities class action over The Walt Disney Co.'s underperforming streaming service Disney+ on Wednesday, saying investors haven't sufficiently pled that CEO Bob Iger illegally sold off $375 million worth of holdings amid inflated subscriber growth predictions.
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September 27, 2024
Disney Warns Investor Streaming Suit Could Chill Innovation
Allowing securities litigation over The Walt Disney Co.'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.
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February 06, 2024
Disney Investors Say Co. Can't Exit Accounting Practices Suit
Disney investors argued that providing misleading information about product performance is not a mere "business strategy," pushing back Monday on the company's attempt to escape the suit alleging Disney participated in a fraudulent accounting scheme to keep stock prices inflated as its streaming service Disney+ underperformed.
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May 15, 2023
Disney Faces Investor Suit Over Streaming Downturn
Disney was hit with an investor suit alleging the company misled shareholders and participated in a fraudulent accounting scheme to keep stock prices inflated as its streaming service Disney+ underperformed compared to projections.