NEW
YORK, Feb. 24, 2025 /PRNewswire/ -- Moore
Law, PLLC, a securities and shareholder law firm located on Wall
Street, is investigating potential claims against:
- THE WALT DISNEY COMPANY (NYSE: DIS)
Moore Law is investigating, among other things, certain stock
sales or insider trading by Disney insiders that may been made
while in possession of material non-public information.
Los Angeles federal judge
Consuelo B. Marshall recently denied
in part a motion to dismiss a securities class action lawsuit
against Disney and certain executives.
Judge Marshall said the investors sufficiently pled "deceptive
conduct" by the group of former executives who ran Disney+ during
this time — then-CEO Bob Chapek,
Chief Financial Officer Christine
McCarthy and distribution head Kareem Daniel — as well as scienter and loss
causation from the supposed stock inflation scheme.
The judge also kept alive a claim alleging McCarthy engaged in
insider trading by selling off $17
million worth of her Disney holdings ahead of the stock
drop. But Judge Marshall axed a similar insider trading claim
against Iger, who was Disney's executive chairman at the time and
supposedly expressed private reservations about Chapek's streaming
growth predictions while unloading $375
million worth of his shares.
If you own THE WALT DISNEY COMPANY (NYSE: DIS) shares, you are
encouraged to contact us at fletcher@fmoorelaw.com or call
(212) 709-8245. You may be able to seek monetary damages, corporate
governance reforms, reimbursement to the company, and a court
approved incentive award at no cost to you whatsoever.
ABOUT MOORE LAW PLLC
Moore Law is a NYC plaintiff contingency litigation law firm for
investors. We hold officers and directors accountable for breaches
of fiduciary duty, fraud, insider trading, wasteful
spending, and other corporate misconduct. There is no cost to you
ever.
We pride ourselves on 24/7 availability, same day email
responses, and constant case updates.
MOORE LAW PLLC
30 Wall Street, 8th Floor
New York, NY 10005
(212) 709-8245
fletcher@fmoorelaw.com
www.fmoorelaw.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/moore-law-pllc-encourages-the-walt-disney-company-nyse-dis-investors-to-contact-law-firm-302383882.html
SOURCE Moore Law PLLC
