“Plaintiff brings this action derivatively for the benefit of Nominal Defendant Disney against certain of the Company’s current executive officers and directors aiming to rectify the Defendants’ violations of the Exchange Act and breaches of fiduciary duties for issuing false and misleading statements and/or omitting material information in the Company’s public filings and proxy statements from approximately December 10, 2020 to the present,” says Stourbridge Investments in the August 23 filing over what it calls “materially misleading statements and/or omissions” the company and top executives made over the true financial state of affairs of Disney+ (read the Disney investors lawsuit here).
https://deadline.com/2023/08/disney-bob-iger-lawsuit-streaming-costs-1235530682/