Casino Group Genting Malaysia Files Lawsuit Against Disney and Fox -- Reuters
27 November 2018 - 10:31AM
Dow Jones News
--Casino operator Genting Malaysia Bhd (4715.KU) filed a lawsuit
against Walt Disney Co. (DIS) and 21st Century Fox Inc. (FOX),
claiming they backed out of a contract related to a Fox-branded
theme park, Reuters reported Monday.
--In the lawsuit filed in Los Angeles, Genting said "seller's
remorse" led Fox, with the help of Disney, to back out of a 2013
contract to provide intellectual property for the proposed theme
park, which would have been an addition to the Resorts World
Genting facility, according to the report.
--The report said Disney didn't immediately respond to a request
for comment, and a spokesman for Twentieth Century Fox Film
declined to comment.
--21st Century Fox shares common ownership with News Corp (NWS),
owner of Dow Jones and this newswire.
Full story:
https://www.reuters.com/article/us-fox-disney-genting-malaysia/disney-fox-sued-in-u-s-for-1-billion-over-malaysia-theme-park-idUSKCN1NV2NP
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
November 26, 2018 18:16 ET (23:16 GMT)
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