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Disney is facing backlash from investors and legal challenges over its promotion of diversity, equity, and inclusion policies. Activist investors are gearing up for a shareholder showdown on April 3, with lawsuits filed against Disney for possible disclosure violations in dealings with hedge funds. The company is also being accused of misleading shareholders with a 'woke' agenda, prompting legal action and a proxy fight.
NYC Retirement Systems Back Disney in Activist Investor Proxy Battle so Board Can Focus 'on a Strategic Transformation' https://t.co/uQPHZimzqM
Blackwells, in proxy fight with Disney, sues Disney over disclosure in hedge fund relationship https://t.co/2OZ89tzPV1
Disney Investor Blackwells Capital Sues The Company As Shareholder Vote Nears Close; Media Giant Calls Allegations "Baseless" And "Desperate" https://t.co/iiwiUAjc5L
