Disney Warns DeSantis Legal Victory Would Set Bad Precedent Against Expressing A 'Disfavored' View: 'If The Line Is Not Drawn Here, There's No Line At All'
Portfolio Pulse from Shanthi Rexaline
Walt Disney Co. (NYSE:DIS) is contending with Florida Governor Ron DeSantis in a lawsuit, warning of the perils of the state potentially winning the federal lawsuit. Disney's complaint focuses on the accusation that the Florida governor and the state violated the First Amendment Act. This followed Disney's opposition to the state’s “Don’t Say Gay” law, which led to the governor's office clipping the company’s power in governing the Reedy Creek Improvement District, where its Orlando theme park lies. Disney ended Monday’s session up 1.70% at $80.68.
October 31, 2023 | 7:22 am
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Disney is involved in a legal battle with Florida Governor Ron DeSantis, which could potentially impact the company's operations in the state. The stock ended Monday’s session up 1.70% at $80.68.
The ongoing legal battle between Disney and the Florida Governor could potentially impact the company's operations in the state. However, the outcome of the lawsuit is uncertain and it's unclear how it will affect Disney's stock in the short term. Despite the legal issues, the stock ended Monday’s session up, indicating that investors may not be overly concerned about the lawsuit at this time.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100