In a 22-page lawsuit filed Friday, Kenneth Simeone demanded Disney turn over its internal records about its opposition to a law many on the left and in the media mischaracterized as the "Don't Say Gay bill." In the filing, Simeone said the harm caused by Disney's actions has been "swift and severe."

"The financial repercussions from Disney's actions, and resulting harm to the company and its stockholders, have been swift and severe," he claimed in a court filing, according to the New York Post.

The law in question, it should be noted, prohibits public school educators from teaching children in pre-K through third-grade classrooms about gender identity and sexual orientation.

As a result of the criticism of the law—led by now-former Disney CEO Bob Chapek—the company lost its special tax privileges. As CBN's Faithwire reported, beginning in June of 2023, Disney self-governing status, its Reedy Creek Improvement District, will dissolve.

Not only will Disney lose many tax benefits, the company will also lose a great deal of its autonomy in addressing its own problems as well as making improvements to the Orlando-based parks internally.

When the RCID agreement lapses, Disney could be weighed down by billions of dollars of debt.

The board of The Walt Disney Company ousted Chapek in late November, reinstating his predecessor, Bob Iger, as the company's chief executive.

Iger, for his part, said he regrets Disney was "dragged" into a political battle with Florida lawmakers... Subscribe for free to Breaking Christian News here

Continue reading here.

To receive daily emails from Breaking Christian News to your inbox CLICK HERE

Americans Split On Pastors Using AI, Skeptical It Can Help With Understanding the Bible

Daughters of the American Revolution to Vote on Definition of 'Woman' amid Criticism of Transgender Policy

FYI: These 568 Companies Are Paying to Trans Kids. A Nationwide Campaign Demands They Stop

'They Paid Me to Vote': Homeless Residents Make Explosive Claims after Spencer Pratt's Loss [Video]

America Becomes India's Top Gas Supplier amid Strait of Hormuz Conflict

Netanyahu: 'Iran Will Not Have Nuclear Weapons'

'Fauci, Biden Admin Lied to American People': DNI Gabbard Reveals Evidence of US Taxpayer-Funded Global Biolab Program

Human Trafficking Update: Feds Identify 15,500 Sponsors of Multiple Unaccompanied Kids

Ainsley Earhardt Celebrates America; Reveals Supernatural Experience That Strengthened Her Faith [Video]

Melania Trump Launches First-of-Its-Kind Foster Youth Accounts to Give Children Asset Ownership

Changing Tide: Record-low 38% of Americans Support 'Gender Transitions' - Gallup Poll

4 States Offering Pride Month Alternatives That Celebrate Family

PRO-LIFE WIN: Trump Admin Moves to Remedy Downfall of IVF

Karmelo Anthony Claims He's 'Penniless,' Can't Afford Lawyer for Appeal, Despite Pocketing $625,000, after Murder Conviction

Trump Says US Snuck 22 Oil Ships Past Iran in Covert Op, US Strikes Regime 2 Nights in a Row

Memphis Safe Task Force Surpasses 10,000 Arrests, Locates 154 Missing Children and Removes over 1,700 Firearms from City Streets

President Trump Signs $70 Billion Border Security, ICE Funding Bill that Includes Funding to Combat Child Trafficking

Report: Parents Remain Essential to Instilling Authentic Faith in Next Generation

Who Is Counseling Our Children?

Supreme Court Vacates Biden-Era Decision Outlawing Gas Stoves, Water Heaters