Ex-Disney accountant alleges major accounting fraud in parks and resorts division

[UNCgolf]

Based on that article it sounds like he's trying to gather enough people to bring a shareholder class action lawsuit, which is basically the only option he'd have (there's also a derivative lawsuit, but there are other steps involved with that and it seems very unlikely). I doubt this goes very far.

 

[Slpy3270]

The whistle-blower is now suing.

Redirect Notice

What's interesting is that this story fell under the radar. This could be another Lava Jato.

 

[seascape]

The whistle-blower is now suing.

Redirect Notice

What's interesting is that this story fell under the radar. This could be another Lava Jato.

There is probably nothing to this story other than a disgruntled employee. If there were any truth to it the SEC would have reported something and Disney would have had to report something as there would be an ongoing investigation.

 

[Parker in NYC]

Ah yes. Another person brings a lawsuit against Disney, another thread recycling the same responses as the previous 500 lawsuit threads.

Seems to me we could wrap this up in FAR less than 17 pages.

 

[UNCgolf]

Ah yes. Another person brings a lawsuit against Disney, another thread recycling the same responses as the previous 500 lawsuit threads.

Seems to me we could wrap this up in FAR less than 17 pages.

Well, to be fair, almost all of this thread was about a person claiming accounting irregularities and reporting them to the SEC. The lawsuit aspect was just added on here in the last few posts.

 

[DisneyOutsider]

The whistle-blower is now suing.

Redirect Notice

What's interesting is that this story fell under the radar. This could be another Lava Jato.

That's.... very unlikely to be the case, to put it mildly. The only reason this was ever anything but "under the radar" is that the name "Disney" is involved.

 

[corran horn]

"I'm shocked, shocked to find that gambling is going on in here!"

 

[Slpy3270]

Probably not related but Disney's chief HR officer sold all her stock two days ago.

SEC FORM 4

www.sec.gov

 

[the.dreamfinder]

Probably not related but Disney's chief HR officer sold all her stock two days ago.

SEC FORM 4

www.sec.gov

Bob Iger must be desperate to sell his share these day.