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A US federal judge declined to dismiss an investor lawsuit alleging Bob Chapek aimed to hide Disney+ costs and make forecasts it would be profitable by 2024

Summary by mediagazer.com
Winston Cho / The Hollywood Reporter: A US federal judge declined to dismiss an investor lawsuit alleging Bob Chapek aimed to hide Disney+ costs and make forecasts it would be profitable by 2024  —  A judge declined to dismiss a lawsuit from investors who claimed former CEO Bob Chapek aimed to hide Disney+ costs and make forecasts that it would be profitable by 2024.
DisclaimerThis story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

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Pirates & PrincessesPirates & Princesses

Disney Investor Lawsuit Will Move Forward Along With Insider Trading Allegations

Disney investors Stourbridge Investments filed a lawsuit against the Walt Disney Company in the summer of 2023. They claimed that Disney misled investors about Disney+’s performance and the actual cost of the streaming service’s content. Bob Chapek, Kareem Daniel, Christine McCarthy, and Bob Iger were named in the lawsuit. Recently, the company tried to dismiss the lawsuit, but federal judge Consuelo Marshall denied the dismissal and is allowing…

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mediagazer.commediagazer.com

A US federal judge declined to dismiss an investor lawsuit alleging Bob Chapek aimed to hide Disney+ costs and make forecasts it would be profitable by 2024

Winston Cho / The Hollywood Reporter: A US federal judge declined to dismiss an investor lawsuit alleging Bob Chapek aimed to hide Disney+ costs and make forecasts it would be profitable by 2024  —  A judge declined to dismiss a lawsuit from investors who claimed former CEO Bob Chapek aimed to hide Disney+ costs and make forecasts that it would be profitable by 2024.

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mediagazer.com broke the news in on Thursday, February 20, 2025.
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