Disney paid ValueAct millions of dollars in fees as part of a prior relationship

Blackwells Capital sues Disney as board battle intensifies. Blackwells questions whether ValueAct was paid to take a pro-Disney position. ValueAct is accused of paying Blackwells to take an activist position in a fight with activists. Blackwell's suit says ValueAct should not have been paid for taking an activist stance.

Mason Morfit's ValueAct has collected $95 million in fees to manage Disney pension funds prior to backing management, activist says. Blackwells Capital says ValueAct collected fees before winning its support in proxy fight. ValueAct says it won't reveal how much money it received from ValueAct before backing management.

Mason Morfit's ValueAct has collected $95 million in fees to manage Disney pension funds prior to backing management. Blackwells Capital says ValueAct managed $95M in management fees. ValueAct is a shareholder in the Disney pension fund that has a prior relationship with the company.