Fiduciary Duty

Disney Investors Seek Answers on Kimmel Suspension Amid Stock Drop

Following Jimmy Kimmel’s recent suspension, several Disney investors are requesting the company provide documents related to the decision. These investors, including the American Federation of Teachers and Reporters Without Borders, believe there may have been potential wrongdoing, mismanagement, and breaches of fiduciary duty by the Disney board. The demand includes materials related to the show’s suspension, potential financial impact, and agreements with affiliate networks like Nexstar and Sinclair. The investors have threatened legal action if Disney does not comply with the document request within five business days.

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