Disney Investor Demands Files Over Opposition to Florida’s ‘Don’t Say Gay’ Law
- Criticism of Florida law said to have ‘far-reaching’ effects
- Statute bans sexual-orientation talks in some school classes
Walt Disney employees and demonstrators during a rally against the Florida "Don't Say Gay" bill at Griffith Park in Glendale, California, on March 22.
Photographer: Alisha Jucevic/BloombergThis article is for subscribers only.
Walt Disney Co. created “far-reaching” financial risks for itself by opposing a Florida law limiting instruction on sexual orientation or gender identity in elementary schools, according to an investor who is demanding the company turn over internal records about the decision.
By criticizing the state for enacting the restrictions – which critics dubbed the “Don’t Say Gay” law — Disney lost control over tax and improvement issues at its Orlando-area theme park, investor Kenneth Simeone said in a lawsuit unsealed Friday in Delaware Chancery Court.