AssetID: 52996258
Headline: Bob Iger and Bob Chapek sued over 'fraudulent' streaming costs
Caption: According to court documents obtained by Deadline, the Stourbridge Investments company filed a lawsuit on 23 August over what it called "materially misleading statements and/or omissions" the company and top executives made over Disney+ financial affairs. "Plaintiff brings this action derivatively for the benefit of Nominal Defendant Disney against certain of the Company's current executive officers and directors aiming to rectify the Defendants' violations of the Exchange Act and breaches of fiduciary duties for issuing false and misleading statements and/or omitting material information in the Company's public filings and proxy statements from approximately December 10, 2020 to the present."
Keywords: CPS1656437,Bob Iger,Bob Chapek,Sued,Fraudulent,Streaming,Costs,Stourbridge Investments,Filed,Lawsuit,Disney+,Platform,Investors,Shareholders,CEO,CFO,Fiduciary Duties,Nominal Defendant,Christine McCarthey,Kareem Daniels,Executives,Company,Hollywood
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