{"id":1779091,"date":"2022-12-18T08:27:30","date_gmt":"2022-12-18T13:27:30","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1779091"},"modified":"2022-12-18T08:57:03","modified_gmt":"2022-12-18T13:57:03","slug":"disney-sued-by-investor-claiming-companys-fight-with-desantis-over-floridas-parental-rights-law-created-far-reaching-financial-risks","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/disney-sued-by-investor-claiming-companys-fight-with-desantis-over-floridas-parental-rights-law-created-far-reaching-financial-risks\/","title":{"rendered":"Disney Sued by Investor Claiming Company\u2019s Fight With DeSantis Over Florida\u2019s Parental Rights Law Created \u201cFar-Reaching Financial Risks\u201d"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">36<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdisney-sued-by-investor-claiming-companys-fight-with-desantis-over-floridas-parental-rights-law-created-far-reaching-financial-risks%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1779091&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"subheading\">A Disney investor has sued the company in an attempt to uncover internal records related to Disney\u2019s fight with Florida Gov. Ron DeSantis (R) over the state\u2019s anti-grooming Parental Rights in Education law. \u00a0Investor Kenneth Simone sued Disney this week in a Delaware chancery court, claiming \u00a0Disney \u201ccreated far-reaching financial risks\u201d for itself and its shareholders through its public attacks on the legislation.<\/p>\n<p class=\"a8d-pre\">In his 22-page complaint, Kenneth Simone laid out his demand for internal records from the Walt Disney Co. surrounding its response to the legislation that the left and its mainstream media allies dubbed the \u201cDon\u2019t Say Gay\u201d bill.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>\u201cThe financial repercussions from Disney\u2019s actions, and resulting harm to the company and its stockholders, have been swift and severe,\u201d he said in the suit, according to Bloomberg.<\/p>\n<p class=\"a8d-pre\">He argued\u00a0Disney ignored warnings from Gov. DeSantis that opposing the law publicly could have severe consequences \u2014 including the \u201cbenefits of a one-of-a-kind deal that has existed between Disney and the state for more than half a century.\u201d<\/p>\n<figure id=\"D-ROS-B2\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p dir=\"ltr\" lang=\"en\">Disney created \u201cfar-reaching\u201d financial risks for itself by opposing a Florida law limiting instruction on sexual orientation or gender identity in elementary schools, according to one investor <a href=\"https:\/\/t.co\/3rEm66eOyn\">https:\/\/t.co\/3rEm66eOyn<\/a><\/p>\n<p>\u2014 Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1602404687344504848?ref_src=twsrc%5Etfw\">December 12, 2022<\/a><\/p>\n<p>https:\/\/twitter.com\/business\/status\/1602404687344504848?ref_src=twsrc%5Etfw<\/p><\/blockquote>\n<p>As Breitbart News <a href=\"https:\/\/www.breitbart.com\/politics\/2022\/04\/20\/florida-senate-passes-bill-to-end-disneys-special-tax-jurisdiction\/\">reported<\/a>, Florida stripped Disney World of its self-governing privileges in the Orlando area following the dispute over the legislation.<\/p>\n<p>Bloomberg noted that demands for corporate\u00a0\u201cbooks and records\u201d are often granted in Delaware.<\/p>\n<p class=\"a8d-pre\">Earlier this year, then-Disney CEO Bob Chapek <a href=\"https:\/\/www.breitbart.com\/entertainment\/2022\/03\/12\/disney-ceo-bob-chapek-grovels-to-lgbtq-employees-i-let-you-down-i-am-sorry\/\">folded<\/a> to a small group of employee activists who demanded he reverse his earlier decision to keep the company out of the debate over the Florida bill.\u00a0In his groveling mea culpa, Chapek said he needed to be a \u201cstronger ally\u201d to the company\u2019s gay and transgender employees. He inaccurately said the bill\u00a0poses a \u201cchallenge to basic human rights.\u201d<\/p>\n<figure id=\"M-ROS-B3\" class=\"a8d adSo\"><\/figure>\n<div id=\"attachment_20199686\" class=\"wp-caption aligncenter\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-20199686\" style=\"display: none;\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/12\/BobChapek3.jpg\" alt=\"\" width=\"640\" height=\"480\" \/><\/p>\n<p class=\"wp-caption-text\">Disney CEO Bob Chapek during an address at the Boston College Chief Executives Club, Monday, Nov. 15, 2021, in Boston. (AP Photo\/Charles Krupa)<\/p>\n<\/div>\n<p>Florida\u2019s Parental Rights in Education law forbids the teaching of sexuality and gender ideology \u2014 including radical transgender theory \u2014 to children in kindergarten through third grade.<\/p>\n<p>Even after the bill passed into law, Chapek vowed to continue fighting to get it repealed.<\/p>\n<p>Last month, Disney <a href=\"https:\/\/www.breitbart.com\/entertainment\/2022\/11\/21\/woke-bob-chapek-exits-disney-bob-iger-returns-as-ceo\/\">fired<\/a> Chapek and brought back former CEO Bob Iger to take his place.<\/p>\n<p>Shares of Disney are down more than 43 percent this year.<\/p>\n<p><em><strong>Follow David Ng on Twitter\u00a0<a class=\"x5l\" href=\"https:\/\/twitter.com\/HeyItsDavidNg\" target=\"_blank\" rel=\"noopener external\">@HeyItsDavidNg<\/a>. Have a tip? Contact me at\u00a0<a class=\"c-link x5l\" href=\"mailto:dng@breitbart.com\" target=\"_blank\" rel=\"noopener external\">dng@breitbart.com<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Disney investor has sued the company in an attempt to uncover internal records related to Disney\u2019s fight with Florida Gov. Ron DeSantis (R) over the state\u2019s anti-grooming Parental Rights<\/p>\n","protected":false},"author":1,"featured_media":1896022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"Disney Sued by Investor Claiming Company\u2019s Fight With DeSantis Over Florida\u2019s Parental Rights Law Created \u201cFar-Reaching Financial Risks\u201d","footnotes":""},"categories":[547],"tags":[10036,5458,10035,8184,5455,4980,6344,4004,4263,9996,7856,6547,8818,3819,5579,7993,5266],"class_list":["post-1779091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-far-reaching","tag-bongino","tag-claiming","tag-companys","tag-created","tag-desantis","tag-disney","tag-fight","tag-financial","tag-floridas","tag-investor","tag-law","tag-parental","tag-report","tag-rights","tag-risks","tag-sued"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"Disney Sued by Investor Claiming Company\u2019s Fight With DeSantis Over Florida\u2019s Parental Rights Law Created \u201cFar-Reaching Financial Risks\u201d","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1779091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1779091"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1779091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1896022"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1779091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1779091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1779091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}