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Disney management in soup over stakeholder lawsuit

Shortpedia

Content Team
Image Credit: NewsBytes

Disney seems to be in a bit of soup after a shareholder filed a lawsuit alleging violations of security law. The suit has been filed against ex-CEO Bob Chapek, executives Neil Young and Kareem Daniel, current CFO Christine McCarthy, and the company. The complainant alleged that Disney+ violated security law by misleading statements about the streamer and affecting the health of the streaming business.