Disney is currently deeply involved in several lawsuits involving its Walt Disney World resort and the state of Florida. It will likely be some time before those cases enter a courtroom, assuming they ever do. However, Disney just won a separate legal battle, and one that was associated with the same conflict. Although, this one was against one of the company’s shareholders.
Kenneth Simeone is a shareholder in the Walt Disney Company who sued the House of Mouse for documents regarding the company’s opposition to the Florida Parental Rights in Education Act, called “Don’t Say Gay” by many who opposed the bill. He claimed that he believed the company’s decision to oppose the bill was negligent because doing so created a public conflict between Disney and Florida which has harmed the stock price.
