Danny Zappin, Maker Studios cofounder and former CEO, is trying to curb the company’s sale to Disney. Along with three other former executives, Zappin has filed a lawsuit aiming to prevent a
shareholder vote to approve a takeover bid by Disney, The Wall Street Journal reports. “The group claims documents that Maker sent to shareholders to vote on the merger agreement with Disney
failed to include a reference to a pending lawsuit that alleged some Maker directors issued shares to themselves to dilute Mr. Zappin's ownership and reduce his ability to control the
company.”
Read the whole story at Wall Street Journal »
