Investors of The Walt Disney Company Encouraged to Contact Kuehn Law
Kuehn Law, PLLC, a shareholder litigation law firm, is currently looking into the actions of specific executives at The Walt Disney Company (NYSE: DIS) to see if they may have breached their fiduciary responsibilities to shareholders. A federal securities lawsuit alleges that insiders at Disney may have misled investors by not disclosing certain key information. These include issues such as slowing subscriber growth for Disney+, financial losses, and unexpected costs, among others.
According to the lawsuit, executives allegedly concealed the true costs of Disney+ by releasing content on other platforms first and then moving it to Disney+ afterward. Additionally, distribution decisions may have been made to mask the full expenses of content creation rather than based on audience preferences or maximizing viewership. The lawsuit also questions whether Disney was on track to meet its 2024 Disney+ subscriber and profitability targets.
If you are a current shareholder of Disney who bought shares before December 10, 2020, it’s advised to contact Justin Kuehn, Esq. by email at justin@kuehn.law or call (833) 672-0814. Kuehn Law covers all case expenses and does not charge investor clients. Shareholders are recommended to reach out promptly to protect their rights, as there may be time limitations.
As a shareholder, your input is crucial in ensuring market fairness and integrity. Your participation can help shape the future of financial markets. For more information, visit the Kuehn Law website. This is an attorney advertisement, and past outcomes do not guarantee future results. To read the original press release, visit the Newsfile Corp website.
Please note that the Markets Insider and Business Insider editorial teams were not involved in creating this post.
