Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired The Walt Disney Company ("Disney") (NYSE: DIS) common stock between December 10, 2020 and May 10, 2023, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts about the success of the Disney+ Platform. Specifically, Defendants repeatedly misled investors about the success of the Disney+ platform by concealing the true costs of the platform, concealing the expense and difficulty of maintaining robust Disney+ subscriber growth, and claiming that the platform was on track to achieve profitability and 230-260 million paid global subscribers by the end of fiscal year 2024.
Current Status of Case:
On March 19, 2026, the Lead Plaintiffs filed the Motion for Class Certification. The Motion is currently being briefed by the parties. This action is in the discovery phase and is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.