The Force Isn't With Disney: Star Wars, Carano Trial Moves Forward With Musk's Backing
Portfolio Pulse from Chris Katje
The Walt Disney Company (NYSE:DIS) failed to have a lawsuit filed by former 'Mandalorian' star Gina Carano dismissed. The case will now go to trial unless settled beforehand. Carano claims she was terminated due to her conservative political beliefs, and Elon Musk is financially backing her complaint.
July 26, 2024 | 7:02 pm
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NEGATIVE IMPACT
Disney failed to have Gina Carano's lawsuit dismissed, leading to a potential trial. This legal battle could negatively impact Disney's public image and stock price in the short term.
The lawsuit's progression to trial could harm Disney's public image, especially given the involvement of high-profile figures like Elon Musk. This negative publicity may lead to a short-term decline in Disney's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100