The company's current CEO Bob Iger and past CEO Bob Chapek are among the names listed in the complaint.
, but the upshot of the August 23 filing by Stourbridge Investments alleges “defendants engaged in a fraudulent scheme designed to hide the extent of Disney+ losses and to make the growth trajectory of Disney+ subscribers appear sustainable and 2024 Disney+ targets appear achievable when they were not.
Stourbridge is asking Disney and the defendants named in the complaint, including Chapek and Iger, to “take all necessary actions to reform and improve its corporate governance and internal procedures to comply with applicable laws and to protect Disney and its shareholders from a repeat of the damaging events described herein.
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