Disney Free to Weigh ‘Don’t Say Gay’ Views, Delaware Judge Says

Disney had every right to listen to employees, customers and others who weren’t investors before opposing a Florida law limiting classroom discussion of sexual orientation, Delaware Vice Chancellor Lori W. Will said Thursday.

Will’s remarks at a Northwestern University securities conference came after she backed Walt Disney Co. in June in a shareholder lawsuit over the company’s response to Florida’s “Don’t Say Gay” law— a reply that triggered a feud with Gov. Ron DeSantis (R). Delaware is focused on long-term shareholder value, which may take a hit if Disney loses customers, employees and business partners, she said.

“It’s perfectly within ...