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

New York City braces for wealth flight with Mamdani’s political rise
Business

New York City braces for wealth flight with Mamdani’s political rise

Zohran Mamdani’s primary win in New York City’s mayoral race and proposal to raise taxes on millionaires have touched off fears of a new wave of wealth flight from the city. Yet so far, there is little evidence of a slowdown in high-end real estate or real wealth losses in New York. Florida real estate […]

Read More
Disney’s spent 70 years funneling IP into its theme parks. Here’s why it works
Business

Disney’s spent 70 years funneling IP into its theme parks. Here’s why it works

General views of Sleeping Beauty Castle at Disneyland on April 06, 2024 in Anaheim, California. Aaronp/bauer-griffin | Gc Images | Getty Images The “Happiest Place on Earth” turns 70 this week. Disneyland, a pillar of the Anaheim, California, community since 1955, was a passion project of founder Walt Disney, a place where adults and their […]

Read More
PepsiCo earnings beat estimates even as U.S. demand falls
Business

PepsiCo earnings beat estimates even as U.S. demand falls

Cases of Pepsi soda are displayed at a Costco Wholesale store on April 25, 2025 in San Diego, California. Kevin Carter | Getty Images PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts’ expectations, despite weaker demand for its food and drinks in North America. Shares of the company rose roughly 2% in premarket trading. […]

Read More