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MOORE LAW PLLC ENCOURAGES THE WALT DISNEY COMPANY (NYSE: DIS) INVESTORS TO CONTACT LAW FIRM
DISDisney(DIS) Prnewswire·2025-02-24 22:45

Core Viewpoint - Moore Law, PLLC is investigating potential claims against The Walt Disney Company related to insider trading and stock sales by Disney executives while possessing material non-public information [1][2]. Group 1: Legal Proceedings - A federal judge, Consuelo B. Marshall, partially denied a motion to dismiss a securities class action lawsuit against Disney and certain executives [1][2]. - The lawsuit alleges "deceptive conduct" by former executives of Disney+, including then-CEO Bob Chapek, CFO Christine McCarthy, and distribution head Kareem Daniel, along with claims of scienter and loss causation from a stock inflation scheme [2]. - The judge allowed a claim against McCarthy for insider trading, noting she sold 17millionworthofDisneysharesbeforeastockdrop[3].Group2:ExecutiveActionsAsimilarinsidertradingclaimagainstBobIger,Disneysexecutivechairmanatthetime,wasdismisseddespiteallegationsthathesold17 million worth of Disney shares before a stock drop [3]. Group 2: Executive Actions - A similar insider trading claim against Bob Iger, Disney's executive chairman at the time, was dismissed despite allegations that he sold 375 million worth of shares while expressing private doubts about Chapek's streaming growth predictions [3].