Disney Shares Slip Amid Reported Whistleblower Allegations of Inflated Revenue

  • Variety
Sandra Kuba, a former senior financial analyst for Disney’s revenue operations unit, says she has filed a series of whistleblower tips with the U.S. Securities and Exchange Commission, alleging that the entertainment conglomerate repeatedly and systematically overstated its revenue for years, according to a MarketWatch report, by as much as $6 billion in a single year. But Disney has pushed back on the claim.

A Walt Disney spokesperson said that “This former employee, who was fired for cause, has persistently made patently false claims for over two years. The claims she made to the company were thoroughly investigated and found to be utterly baseless. It is unfortunate that MarketWatch, which has been aware of the facts for months, knowingly and deliberately chose to give Ms. Kuba’s unfounded claims a platform.”

The Dow Jones-owned business news outlet, which reviewed the filings, said the allegations involved the parks and resort segment,
See full article at Variety »

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