Blackwells Sues Disney Over Ties to ValueAct in Proxy Fight (2)

Blackwells Capital LLC asked a Delaware judge to force Walt Disney Co. to hand over records about its relationship with activist investor ValueAct Capital Management and the role it played in a fight over the makeup of the entertainment giant’s board of directors.

Blackwells claimed in a court filing Thursday that Disney didn’t properly disclose financial ties to ValueAct before ValueAct backed Disney’s director candidates in an ongoing proxy fight. ValueAct managed more than $350 million of Disney pension monies over a 10-year period, Blackwells said.

“The claims made by Blackwells Capital are baseless, and this is merely their desperate ...