- Criticism of Florida law said to have ‘far-reaching’ effects
- Statute bans sexual-orientation talks in some school classes
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.
In April, Governor Ron DeSantis signed legislation eliminating the special-municipal district Disney has operated in the state since the late 1960s. It’s part of a drive to punish the company for its stand against the ‘Don’t Say Gay” law, which was championed by DeSantis and imposed limits on instruction from kindergarten through third grade.
Bloomberg
By Jef Feeley
December 12, 2022