Disney has won a lawsuit filed by a shareholder accusing the company of mismanagement after publicly disagreeing with Florida’s law restricting discussion of sexual orientation and gender identity. The Delaware judge ruled that the investor brought the suit on behalf of the Thomas More Society, a conservative legal organization and anti-abortion group, and that the disagreement with Disney’s position did not indicate wrongdoing. The judge emphasized that directors have discretion in guiding corporate strategy, including social and political issues. The lawsuit is part of a larger legal battle between Disney and Governor Ron DeSantis over the powers of Disney’s special district in Florida.
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