Disney expands lawsuit against DeSantis after governor signs bill to void land deals

Disney expands lawsuit against DeSantis after governor signs bill to void land deals


Florida Governor Ron DeSantis speaks at a press conference at the American Police Hall of Fame & Museum in Titusville, May 1, 2023.

Paul Hennessy | SOPA Images | Lightrocket | Getty Images

Disney on Monday expanded its federal lawsuit against Florida Gov. Ron DeSantis, accusing the Republican leader of doubling down on his “retribution campaign” against the company by signing legislation to void Disney’s development deals in Orlando.

Disney’s amended lawsuit also noted that Florida’s Republican-led legislature passed legislation last week targeting Walt Disney World’s monorail system.

related investing news

Earnings playbook: How to trade results from Disney and these other names ahead

CNBC Pro

“Governor DeSantis and his allies have no apparent intent to moderate their retaliatory campaign any time soon,” Disney wrote in its additions to the civil complaint it filed in U.S. District Court in Tallahassee last month.

Disney alleges that DeSantis has waged a war of retaliation against the company after it publicly criticized the controversial Florida bill, dubbed “Don’t Say Gay” by critics, that limits discussion of sexual orientation and gender identity in classrooms.

DeSantis’ office did not immediately respond to CNBC’s request for comment on the amended complaint.

This is breaking news. Please check back for updates.



Source

How the ‘K-shaped’ economy is showing up at two big U.S. gyms
Business

How the ‘K-shaped’ economy is showing up at two big U.S. gyms

Two of the largest U.S. gym operators delivered the same headline in their latest earnings reports: strong growth. But beneath the surface, Life Time Group Holdings and Planet Fitness told very different stories about the American consumer. They highlighted a widening divide between higher-income households that continue to spend freely and more price-sensitive consumers who […]

Read More
NASA is sending its first Black and first female astronauts to the moon
Business

NASA is sending its first Black and first female astronauts to the moon

NASA is preparing to launch a mission to the moon — and it’s making history for more reasons than one. The space agency’s Artemis II launch marks the U.S.’s first journey back to the moon in more than 50 years. It will also carry the first Black astronaut and the first female astronaut to travel […]

Read More
WBD employees fear coming wave of job losses as Paramount tops Netflix’s bid to acquire company
Business

WBD employees fear coming wave of job losses as Paramount tops Netflix’s bid to acquire company

The Warner Bros. Discovery board may have enriched its shareholders Thursday when it chose Paramount Skydance‘s acquisition offer over Netflix‘s, but it also terrified a lot of its employees. While some of those people own WBD shares and may prefer the financials of Paramount’s $31-per-share bid to Netflix’s $27.75-per-share offer, CNBC spoke to 10 WBD […]

Read More
Powered by WordPress | WP Magazine by WP Mag Plus