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Wall Street Breakfast

Disney's lawsuit against Ron DeSantis dismissed

Wall Street Breakfast

Seeking Alpha

Business News, News, Business, Investing

4.11K Ratings

🗓️ 1 February 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

Disney's (DIS) free speech lawsuit against Ron DeSantis dismissed. (00:25) Tesla (TSLA) hopes to stay under Congress's radar by keeping CATL at arms length. (02:10) Qualcomm (QCOM) pops as Q1 results top expectations. (04:17)

Episode transcripts seekingalpha.com/wsb.

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Transcript

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0:00.0

Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

0:08.0

Good morning. Today is Thursday, February 1st. I'm Julie Morgan. A judge dismisses Disney's lawsuit against Florida Governor

0:16.3

Ron DeSantis. Tesla is hoping to stay under the radar of Congress and Qualcomm's

0:22.1

results top expectations.

0:25.8

In a win for Ron DeSantis, a federal judge has dismissed Disney's lawsuit against the Florida

0:30.9

governor and other state officials.

0:33.4

The lawsuit claimed that they retaliated against Disney for its stance on a controversial law.

0:38.9

Judge Alan Windsor ruled that Disney lacked legal standing to Sue DeSantis or the Secretary R. they violated the company's free speech rights. The judge acknowledged

0:54.0

that the decision by Desantis to dissolve Disney's special district

0:58.3

through which it operated with autonomy worked to its significant detriment.

1:03.0

Disney filed the lawsuit against DeSantis and other state officials last year

1:08.0

for allegedly weaponizing the power of government to punish private business

1:12.0

after the company publicly

1:13.8

criticized the Parental Rights and Education Act, commonly referred to as the

1:18.6

Don't Say Gay Law. After Desantis dissolved Disney Special District, a new special taxing district was created.

1:26.6

Windsor dismissed Disney's claims against board members of the new Special District

1:31.3

on the merits for failure to state a claim. The judge said that

1:35.0

said that Disney has not alleged any specific injury from any board

1:39.0

action. Its alleged injury is it's operating under a board it cannot control.

1:44.5

A statement from Desantis said that the days of Disney controlling its own government

1:49.5

and being placed above the law are long gone. A Disney spokesperson said it will press forward

1:55.4

with the case. The statement went on to say that if left unchallenged this would

...

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