Hedge fund Blackwells Capital sues Disney over potential disclosure violations amidst ongoing boardroom battle.
Hedge fund Blackwells Capital filed a lawsuit against Walt Disney, accusing it of potential disclosure violations in its relationship with hedge fund ValueAct Capital. The lawsuit is part of an ongoing boardroom battle between Disney and Blackwells, who are both seeking to convince investors to elect their director candidates during Disney's annual shareholders meeting. Disney has called the claims "baseless" and accused Blackwells of attempting to gain attention for its slate of director candidates.
March 28, 2024
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