Ron DeSantis' plan to sue Bud Light faces 'uphill battle'—Legal analyst

📆 7/25/2023 2:30 AM
📰 Newsweek

⏱ Reading Time:
20 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 52%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

DeSantis accused Anheuser-Busch in a recent Fox News interview of pursuing a 'political agenda at the expense of your shareholders.'

In a letter to the state's pension fund manager,against Bud Light's parent company over claims it had"breached legal duties owed to its shareholders" when it decided to associate itself with"radical social ideologies" with its Mulvaney promotion.

Speaking to Fox News on July 20, DeSantis said the investigation could lead to a derivative lawsuit filed on behalf of the shareholders of the Florida pension fund against AB InBev. Attorney Arash Sadat, partner at Mills Sadat Dowlat LLP, said that DeSantis is facing an"uphill battle" in suggesting the company should face action from a fallout of a promotional campaign.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ron DeSantis’ Legal Threats Against Bud Light’s Parent Company are Dumb and Bad for FloridaOPINION: Florida Gov. Ron DeSantis’ odd threats to investigate and possibly sue Bud Light’s parent company on behalf of Florida’s pension fund are both confused and entirely meritless.
Source: thedailybeast - 🏆 307. / 63 Read more »