NEW
YORK, March 6, 2025 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law
firm, is investigating whether certain officers and directors of
The Walt Disney Company (NYSE: DIS) breached their
fiduciary duties to shareholders.
According to a federal securities lawsuit, Insiders at Disney
caused the company to misrepresent or fail to disclose that (i)
Disney+ was suffering decelerating subscriber growth, losses, and
cost overruns; (ii) the true costs incurred in connection with
Disney+ had been concealed by Disney executives by debuting certain
content intended for Disney+ initially on Disney's legacy
distribution channels and then making the shows available on
Disney+ thereafter to improperly shift costs out of the Disney+
segment; (iii) Disney had made platform distribution decisions
based not on consumer preference, consumer behavior, or the desire
to maximize the size of the audience for the content as
represented, but based on the desire to hide the full costs of
building Disney+'s content library; and (iv) Disney was not on
track to achieve even the reduced 2024 Disney+ paid global
subscriber and profitability targets, such targets were not
achievable, and such estimates lacked a reasonable basis in
fact.
If you currently own DIS and purchased prior to December 10, 2020
please contact Justin Kuehn,
Esq. here, by email at justin@kuehn.law or
call (833) 672-0814. Kuehn
Law pays all case costs and does not charge its investor
clients. Shareholders should contact the firm immediately as
there may be limited time to enforce your rights.
Why Your Participation Matters:
As a shareholder your voice matters, and by getting involved,
you contribute to the integrity and fairness of the financial
markets. Your investment. Your voice. Your
future.™
For additional information, please visit Shareholder Derivative
Litigation - Kuehn Law.
Attorney advertising. Prior results do not guarantee similar
outcomes.
Contacts:
Kuehn Law, PLLC
Justin Kuehn, Esq.
53 Hill Street, Suite 605
Southampton, NY 11968
justin@kuehn.law
(833) 672-0814
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SOURCE Kuehn Law, PLLC
