Proxy “Disney Shareholder Sues Over Cozy Relationship – What You Need to Know!”
Burbank, California – An activist investor, Blackwells Capital, has filed a lawsuit against Disney claiming an inappropriate relationship with shareholder ValueAct Capital. The lawsuit, filed in Delaware Chancery Court, raises concerns about ValueAct being paid to take a pro-Disney stance in an ongoing proxy fight with activists pushing for changes on Disney’s board of directors. In the legal filing, Blackwells seeks access to Disney’s records to investigate possible wrongdoing, mismanagement, or breaches of fiduciary duty. …