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Topline
Disney leadership faces a fresh lawsuit from shareholders accusing management of knowingly deceiving investors about the financial health of its core Disney+ streaming service, as frustrations hit a fever pitch with the stock wobbling near a nine-year low.
Key Facts
Beginning in December 2020, Disney’s top executives “repeatedly misled investors” about the extent of Disney+’s losses, according to the complaint filed Wednesday by New Jersey-based Stourbridge Investments, first reported on by the Hollywood Reporter.
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