If a beer company sends beer to a transgender influencer and right-wing influencers get mad about it and boycott the beer, is that securities fraud? Buddy everything is … well, technically this is a shareholder derivative action for breach of fiduciary duty, and more technically it’s just a guy talking about a shareholder derivative action, but still here you go:
Florida Gov. Ron DeSantis is urging the state’s pension fund manager to consider legal action against Bud Light’s parent company amid conservative backlash to the beermaker’s recent marketing efforts, the latest attempt by the Republican presidential candidate to inject himself and the state he runs into the country’s culture wars.
In a Thursday letter obtained by CNN, DeSantis suggests AB InBev “breached legal duties owed to its shareholders” when it decided to associate with “radical social ideologies….”
‘Enforcement 40’ for 2020
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