Disney Investor Blackwells Capital Sues The Company As Shareholder Vote Nears Close; Media Giant Calls Allegations “Baseless” And “Desperate”

Activist Disney investor Blackwells Capital has sued the company over what it calls a too-cozy relationship with shareholder ValueAct Capital.

March 28, 2024 · 1 min · 42 words · William Hart

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The Blackwells complaint is rooted ina January 3 announcement by Disney.

It touted ValueActs support for the companys board nominees and management.

Shareholders have until 11:59 p.m.

Walt Disney Studios and the Walt Disney Co. headquarters in Burbank

Walt Disney Studios and the Walt Disney Co. headquarters in BurbankAaronP/Bauer-Griffin/GC Images