MOORE LAW PLLC ENCOURAGES THE WALT DISNEY COMPANY (NYSE: DIS) INVESTORS TO CONTACT LAW FIRM

PRNewswire 24-Feb-2025 5:45 PM

NEW YORK, Feb. 24, 2025 /PRNewswire/ -- Moore Law, PLLC, a securities and shareholder law firm located on Wall Street, is investigating potential claims against:

• THE WALT DISNEY COMPANY (NYSE:DIS)

Moore Law is investigating, among other things, certain stock sales or insider trading by Disney insiders that may been made while in possession of material non-public information. Los Angeles federal judge Consuelo B. Marshall recently denied in part a motion to dismiss a securities class action lawsuit against Disney and certain executives. 

Judge Marshall said the investors sufficiently pled "deceptive conduct" by the group of former executives who ran Disney+ during this time — then-CEO Bob Chapek, Chief Financial Officer Christine McCarthy and distribution head Kareem Daniel — as well as scienter and loss causation from the supposed stock inflation scheme.

The judge also kept alive a claim alleging McCarthy engaged in insider trading by selling off $17 million worth of her Disney holdings ahead of the stock drop. But Judge Marshall axed a similar insider trading claim against Iger, who was Disney's executive chairman at the time and supposedly expressed private reservations about Chapek's streaming growth predictions while unloading $375 million worth of his shares.

If you own THE WALT DISNEY COMPANY (NYSE:DIS) shares, you are encouraged to contact us at fletcher@fmoorelaw.com or call (212) 709-8245. You may be able to seek monetary damages, corporate governance reforms, reimbursement to the company, and a court approved incentive award at no cost to you whatsoever.

ABOUT MOORE LAW PLLC

Moore Law is a NYC plaintiff contingency litigation law firm for investors. We hold officers and directors accountable for breaches of fiduciary duty, fraud, insider trading, wasteful spending, and other corporate misconduct. There is no cost to you ever.

We pride ourselves on 24/7 availability, same day email responses, and constant case updates.

MOORE LAW PLLC
30 Wall Street, 8^th Floor
New York, NY 10005
(212) 709-8245
fletcher@fmoorelaw.com
www.fmoorelaw.com

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SOURCE Moore Law PLLC