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Aug 15 (Reuters) - Former U.S. President Donald Trump was indicted on Monday for his alleged efforts to illegally overturn the Georgia vote in the 2020 presidential election which put Joe Biden in the White House. After defendants in Georgia are indicted by a grand jury, they are arraigned, which is the formal reading in court of the charges. Trump will have his mugshot taken upon being taken into custody, Fulton County Sheriff Pat Labat told local media this month. A jury of 12 people from Fulton County must all agree beyond a reasonable doubt that Trump is guilty for a conviction on any count. If Trump is convicted, he would likely seek a new trial by asserting the outcome was inconsistent with evidence or contrary to the law.

Persons: Donald Trump, Joe Biden, Bail, Trump, Fulton County Sheriff Pat Labat, Fani Willis, Elijah Nouvelage, Biden, Young, Jeffery Lamar Williams, Tom Hals, Jack Queen, Noeleen Walder, Alistair Bell Organizations: Former U.S, Fulton County Sheriff, REUTERS, Republican, Thomson Locations: Former, Georgia, Fulton County, Atlanta , Georgia, U.S, Atlanta, Wilmington , Delaware, New York

The ruling sent the shares of the company's preferred stock soaring 27%. The company's common stock fell 27%. Under the approved class action settlement, AMC will provide stock worth an estimated $129 million to holders of its common stock to settle potential legal claims related to a stock conversion plan. Without the proposed settlement, common stockholders and preferred shareholders would end up owning 34.28% and 65.72% of AMC, respectively. Under the proposed settlement, common stockholders and preferred shareholders would own 37.15% and 62.85%, respectively.

Persons: Brendan McDermid, Chancellor Morgan Zurn, Zurn, Tom Hals, Deepa Babington Organizations: AMC Theatre, REUTERS, AMC Entertainment Holdings, AMC, Delaware, AMC Entertainment Holdings Inc, Chancery, Thomson Locations: New York City, U.S, WILMINGTON , Delaware, Delaware, Wilmington , Delaware

REUTERS/Carlo Allegri/File PhotoCompanies Starbucks Corp FollowAug 11 (Reuters) - A U.S. judge on Friday dismissed a conservative activist investor's lawsuit against Starbucks' (SBUX.O) board, opposing the company's diversity, equity and inclusion policies and calling it frivolous. The nonprofit, which holds around $6,000 in Starbucks stock, said those policies require the company to make race-baced decisions that violate federal and state civil rights laws. The lawsuit is similar to those recently by conservative activist groups opposing corporate diversity and inclusion efforts in the wake of a June Supreme Court ruling. The ruling declared unlawful the race-conscious student admissions policies used by Harvard University and the University of North Carolina. On Friday, Daniel Morenoff of The American Civil Rights Project argued that Starbucks policies seeking to increase racial diversity among its suppliers, vendors, and employees were discriminatory and that NCPPR's cause was in the corporate interest.

Persons: Carlo Allegri, District Judge Stanley Bastian, Daniel Morenoff, Bastian, Craig, Jody Godoy, Tom Hals, Chris Reese, Marguerita Choy Organizations: Empire, REUTERS, Companies Starbucks, Starbucks, National Center for Public Policy Research, Blacks, Chief U.S, District, Harvard University, University of North, American Civil Rights, Target Corp, Thomson Locations: Manhattan, New York, U.S, Spokane , Washington, America, University of North Carolina, Florida, Wilmington , Delaware

The ruling allows the oversight district to pursue its case that seeks to void "backroom deals" favorable to Disney that were struck with a prior district board earlier this year. A Disney spokesperson said the decision "has no bearing" on the federal lawsuit seeking to "vindicate Disney's constitutional rights." "We are fully confident Disney will prevail in both the federal and state cases," the spokesperson said in an email. The skirmish began last year after Disney criticized a Florida law banning classroom discussion of sexuality and gender identity with younger children. DeSantis rallied lawmakers to pass bills that reconstituted the district as the Central Florida Tourism Oversight District and transferred power over the board to the governor from Disney.

Persons: Ron DeSantis, DeSantis, Disney, Lawmakers, Tom Hals, Jody Godoy, Deepa Babington, Jonathan Oatis, Richard Chang Organizations: Walt Disney Co, DeSantis, Disney, Republican, Central, Thomson Locations: WILMINGTON , Delaware, Florida, Central Florida, District, Wilmington , Delaware, New York

The crypto industry is in a tug-of-war with the SEC and its Democratic chair Gary Gensler, who has described the crypto market as a "Wild West" riddled with fraud. Saying most crypto tokens are securities, the SEC has cracked down on crypto trading platforms, including the top U.S. exchange Coinbase, in an effort to bring the industry under its oversight. Crypto firms have long disputed the SEC's jurisdiction but until Thursday no court had supported that view. The two sources, for example, said firms are considering ways to use the Judge's ruling for their defense. However, she also ruled Ripple's direct sales of XRP to investors should have been registered as securities, handing the SEC a partial victory.

Persons: Coinbase, Gary Gensler, Robert Frenchman, Mukasey Frenchman, Analisa Torres, XRP, Crypto, Teresa Goody Guillén, Spokespeople, Binance, Carol Goforth, Stuart Alderoty, Philip Moustakis, Jody Godoy, Chris Prentice, Hannah Lang, Tom Hals, Michelle Price, David Gregorio Our Organizations: U.S . Securities, Exchange Commission, SEC, Ripple Labs, Democratic, Mukasey Frenchman LLP, San Francisco, U.S, District, Baker, Hostetler, University of Arkansas, Reuters, Circuit, Seward, Washington , D.C, Thomson Locations: Mukasey, New York, Washington, New York , Connecticut, Vermont, Washington ,

The settlement resolves a 2020 lawsuit by a retirement fund which holds Tesla stock and challenged stock options that were granted to Tesla directors starting in June 2017. A ruling is expected soon in the Musk case. The directors, including Oracle co-founder Larry Ellison, agreed to return the equivalent value of 3.1 million Tesla stock options, according to a court filing. Along with that gain in stock value, stock options awarded to the directors and to Musk rose sharply in value. Tesla had argued it used the stock options to ensure the incentives of directors were aligned with the goals of investors.

Persons: Lucy Nicholson, Tesla, Larry Ellison, Musk, coercing Tesla, Tom Hals, Nick Zieminski, David Evans Organizations: REUTERS, Elon Musk, Oracle, Police, Thomson Locations: Los Angeles , California, U.S, WILMINGTON , Delaware, Delaware, City of Detroit, Wilmington , Delaware

July 14 (Reuters) - Cryptocurrency companies that have resisted U.S. regulatory oversight, arguing digital assets are not securities, won a court victory this week. The SEC sued Ripple for conducting an unregistered offering of $1.3 billion in XRP between 2013 and 2020. The regulator has brought more than 100 enforcement actions against crypto companies, claiming digital assets are securities. Securities, unlike assets such as commodities, are strictly regulated and require detailed disclosures to inform investors of potential risks. Before the Ripple decision, judges in the few cases decided in court agreed with the SEC that specific crypto assets were securities.

Persons: Analisa Torres, Ripple, Torres, Coinbase, Howey, Carol Goforth, Goforth, Jody Godoy, Tom Hals, David Gregorio Our Organizations: Labs, U.S, District, U.S . Securities, Exchange Commission, The SEC, SEC, Industry, Supreme, Securities, University of Arkansas, Thomson Locations: New York, XRP, U.S, Solana, Cardano, Florida, Wilmington , Delaware

Disney wants Judge Margaret Schreiber in Orlando to dismiss a lawsuit filed in May by the Central Florida Tourism Oversight District, which controls development around the company's theme parks. The lawsuit seeks to void "backroom deals" favorable to Disney that the district alleges were struck with a prior district board and in violation of state law. Lawmakers also retroactively invalidated agreements that Disney reached with the prior board on the eve of it being brought under DeSantis's control. Such a ruling would allow the company to focus on its federal case, which claims DeSantis violated the company's constitutional right to free speech. "If Disney's contracts are void, nearly all of Disney's claims in the federal case disappear," the district said in a court filing.

Persons: Octavio Jones, Ron DeSantis, Margaret Schreiber, DeSantis, Disney, Lawmakers, Tom Hals, Deepa Babington Organizations: Walt Disney, REUTERS, Walt, Co, Walt Disney Co, Disney, Central, Republican, Improvement, Thomson Locations: Orlando , Florida, U.S, WILMINGTON , Delaware, Florida, Orlando, Central Florida, Wilmington , Delaware

CompaniesLaw Firms Ripple Labs Inc FollowCoinbase Global Inc FollowJuly 13 (Reuters) - Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges, a U.S. judge ruled on Thursday, a landmark legal victory for the cryptocurrency industry that sent the value of XRP soaring. An SEC spokesperson said the agency was pleased with part of the ruling in which the judge held that Ripple violated federal securities law by selling XRP directly to sophisticated investors. XRP sales on cryptocurrency platforms by Garlinghouse and co-founder and former CEO Chris Larsen, and other distributions including compensation to employees also did not involve securities, Torres ruled. PARTIAL WIN FOR THE SECThe SEC won a partial victory as Torres found the company's $728.9 million of XRP sales to hedge funds and other sophisticated buyers amounted to unregistered sales of securities. Both the Ripple and Coinbase cases focus on registration requirements and whether certain digital assets are securities under U.S. law.

Persons: XRP, Analisa Torres, Brad Garlinghouse, We’ve, Torres, Paul Grewal, Chris Larsen, Garlinghouse, Larsen, Gary DeWaal, Rosenman, Tom Emmer, Jody Godoy, Chris Prentice, Tom Hals, Chizu Nomiyama, Conor Humphries, Leslie Adler, David Gregorio Our Organizations: Labs, Ripple Labs, U.S, District, U.S . Securities, Exchange Commission, SEC, Twitter, Supreme, WIN FOR, Republican, Thomson Locations: U.S, XRP, Katten, New York, Wilmington , Delaware

NEW YORK, July 12 (Reuters) - An Arizona man filed a defamation lawsuit against Fox News on Wednesday, alleging the network spread a conspiracy theory that he played a key role in the violent storming of the U.S. Capitol by supporters of former U.S. President Donald Trump. This years-long campaign of disinformation, Epps claims in his suit, "destroyed" the lives of Epps and his wife. The lawsuit in Delaware state court comes as voting technology company Smartmatic is suing Fox for defamation, and several months after the company settled defamation claims brought by Dominion Voting Systems for $787.5 million. The company acknowledged the court found some Fox claims about Dominion were false. Carlson told viewers in January 2022 that Epps was a "central figure" in the attack and "helped stage-manage the insurrection," according to the lawsuit.

Persons: Donald Trump, Ray Epps, Fox, Trump, Epps, Abby Grossberg, Tucker Carlson, Carlson, Helen Coster, Jack Queen, Tom Hals, Jamie Freed Organizations: YORK, Fox News, U.S, Capitol, Trump, FBI, Dominion Voting Systems, Fox, Dominion, Fox Corp, United States Capitol, Thomson Locations: An Arizona, Delaware, Washington, New York, Wilmington , Delaware

Edward Blum, the founder of the group that brought Thursday's Supreme Court case, made it clear in a statement that he would be watching schools' reaction closely. But such programs could draw legal challenges claiming that schools are simply using other criteria as a substitute for race. A divided appeals court rejected the parents' claim, but many legal observers say the Supreme Court could choose to take up the case. Some employment lawyers also warned that Thursday's decision, while focused on colleges, nevertheless could encourage more legal challenges to corporate diversity and inclusion programs. But in practice, corporate programs can sometimes give the appearance of granting preferences to particular groups, and the Supreme Court ruling could fuel opposition to them, said Krissy Katzenstein, a partner at Baker McKenzie in New York who represents employers.

Persons: McKenzie, John Roberts, Roberts, Dayna Bowen Matthew, George Washington, Brian Fitzpatrick, Edward Blum, Blum, Evan Caminker, Krissy Katzenstein, Baker McKenzie, Joseph Ax, Dan Wiessner, Tom Hals, Amy Stevens, Daniel Wallis Organizations: Baker, . Constitution, Vanderbilt University, University of Michigan, Companies, Thomson Locations: ., California, Virginia, New York

WILMINGTON, Delaware, June 29 (Reuters) - A legal case making its way through the courts could remove the abortion pill mifepristone from the market or restrict access to the drug. George Delgado - A California palliative care specialist, Delgado helped pioneer "abortion reversal" treatments for women who change their mind after taking mifepristone. Circuit Court of Appeals as an example of the harm caused by the approval of the abortion pill. The American College of Obstetrics and Gynecologists has said abortion reversal is not supported by science and does not meet clinical standards. Foley said in his abortion pill testimony he also treats women for abortion pill reversal.

Persons: George Delgado, Delgado, mifepristone, Gynecologists, Ingrid Skop, Skop, Donna Harrison, Harrison, Tyler Johnson, Johnson, AAPLOG, Steven Foley, Foley, CMDA, Tom Hals, Rosalba O'Brien Organizations: U.S, Circuit, Appeals, American, of Obstetrics, American Association of Pro, Christian Medical, Dental, Charlotte Lozier Institute, Reuters, Indiana, Alliance, Hippocratic, Republican, FDA, Thomson Locations: WILMINGTON , Delaware, California, Texas, Florida, North Dakota, An Indiana, Indiana, Wilmington , Delaware

REUTERS/Evelyn Hockstein/File PhotoWILMINGTON, Delaware, June 29 (Reuters) - A prominent U.S. lawsuit to ban the abortion pill mifepristone has focused on the drug's safety and approval process. Skop and 10 other doctors submitted their testimony when the case began in November. She said she was harmed by the FDA expanding access to the pill because she has treated dozens of women at her hospital's emergency room with mifepristone complications. Erin Hawley, an attorney with the Alliance Defending Freedom legal organization representing the plaintiffs, said abortion sets the case apart. In the abortion pill case, the two initial court rulings found harm to Skop and other doctors was "impending" because the mifepristone label says the treatment may be unsuccessful in up 7% of women.

Persons: Evelyn Hockstein, mifepristone, Ingrid Skop, Roe, Wade, Skop, doesn’t, Leah Litman, Erin Hawley, Hawley, Matthew Kacsmaryk, Samuel Alito's, Danco, Tom Hals, Amy Stevens, Deepa Babington Organizations: Alamo Women's, REUTERS, U.S . Food, Drug Administration, Supreme, FDA, University of Michigan Law School, Alliance Defending, Alliance for Hippocratic, District, Appeals, U.S, Fifth, Amnesty International, Danco Laboratories, Thomson Locations: Carbondale , Illinois, U.S, WILMINGTON , Delaware, Texas, America, Amarillo , Texas, Amarillo, New Orleans, Louisiana, United States, Wilmington , Delaware

Companies Walt Disney Co FollowWILMINGTON, Delaware, June 27 (Reuters) - The Walt Disney Co (DIS.N) board did not act negligently when it criticized a sexual identity bill signed by Florida Governor Ron DeSantis, a Delaware judge ruled on Tuesday, in a case the judge said was improperly directed by a conservative legal group. The ruling by Lori Will of Delaware's Court of Chancery means that Disney will not have to turn over internal records including years of board members' emails sought by shareholder Kenneth Simeone, who sued Disney in December. Disney's criticism touched off a war of words with DeSantis and led to the state removing the company's control of a special administrative district that promotes development around the Walt Disney World resort. DeSantis, who is seeking the Republican presidential nomination, has used his battle against what he calls "woke Disney" to raise his national profile. Simeone, Jonna and Disney did not respond immediately to requests for comment.

Persons: Ron DeSantis, Lori Will, Kenneth Simeone, Will, Disney, Paul Jonna, Tom Hals, Jamie Freed Organizations: Walt Disney Co, Florida, Delaware's, Disney, Walt Disney, Thomas More Society, Thomson Locations: WILMINGTON , Delaware, Delaware, Wilmington , Delaware

In each case, Coinbase filed briefs as an "amicus," or friend of the court. A ruling favoring another crypto defendant at the trial court level would not be binding on Coinbase's own case, but the company could potentially point to it in its defense, legal experts said. Coinbase argued the digital assets on its platform do not pass that test, in part because they lack contractual agreements. In its other amicus brief, Coinbase urged a federal judge in Manhattan to allow the fair notice defense in the SEC case against Ripple Labs, which was the industry's highest-profile battle with the regulator prior to the Coinbase case. Coinbase argued to U.S. District Judge Analisa Torres that denying the Ripple defendants the fair notice defense "would jeopardize the validity of the defense in future cases."

Persons: Coinbase, Gibson Dunn, Crutcher, Akiva Shapiro, Gary Gensler, Paul Grewal, Coinbase's, Cahill Gordon, Reindel, Tana Lin, Ishan Wahi, Wahi, Lin, Gensler, Analisa Torres, Torres, XRP, Jody Godoy, Tom Hals, Deepa Babington Organizations: U.S . Securities, Exchange Commission, U.S, Supreme, SEC, Reuters, FAIR, U.S . Constitution, Ripple Labs, San, District, Thomson Locations: U.S, Coinbase, Manhattan, Solana, Cardano, Seattle, U.S ., San Francisco, New York, Wilmington , Delaware

The president's son has worked as a lobbyist, lawyer, investment banker and artist, and has publicly detailed his struggles with substance abuse. Hunter Biden disclosed in December 2020 that Weiss's office was investigating his tax affairs. President Biden has long expressed support and pride in his son for overcoming his addiction. The corrupt Biden DOJ just cleared up hundreds of years of criminal liability by giving Hunter Biden a mere 'traffic ticket.' President Biden has two surviving children, Hunter Biden and daughter Ashley Biden.

Persons: Joe Biden's, Hunter Biden, David Weiss, Donald Trump, Trump, Christopher Clark, Hunter, Clark, " Hunter Biden, Biden, Ian Sams, Weiss, James Comer, Comer, Ashley Biden, Beau Biden, Naomi Biden, Aaron Crawford, Crawford, George H.W, Bush's, Neil, Richard Nixon's, Don, Howard Hughes, Sarah N, Lynch, Jeff Mason, Trevor Hunnicutt, Susan Heavey, Tom Hals, Moira Warburton, Doina Chiacu, Heather Timmons, Jonathan Oatis Organizations: Democratic, Republican, U.S . Navy Reserve, Reuters, . Treasury, Republicans, Biden DOJ, University of Tennessee, Thomson Locations: U.S, Delaware, Ukraine, China, Washington, Wilmington , Delaware

But the Coinbase case will be the biggest test yet of the regulator's jurisdiction over the industry. To argue that crypto assets are securities, the SEC has relied on a U.S. Supreme Court case from 1946. WHAT MAKES A CRYPTO ASSET A SECURITY? In the few cases that have been decided in court, judges have agreed with the SEC that specific crypto assets are securities. The SEC has alleged in the Coinbase case that 13 different digital assets sold on the platform are securities.

Persons: Binance, Coinbase, Howey, XRP, Carol Goforth, Goforth, Brian Armstrong, Jody Godoy, Tom Hals, Nick Zieminski, Lisa Shumaker Organizations: SEC, Securities, Exchange Commission, European Union, Supreme, Ripple Labs, University of Arkansas, Twitter, Thomson Locations: U.S, Manhattan, Solana, Cardano, Florida, XRP, New York

Musk was the biggest shareholder in both companies at the time of the deal and Tesla shareholders alleged he pushed the carmaker's board into the deal to bail out the billionaire's investment in the struggling rooftop solar company. The state's highest court said that while a judge on the Delaware Court of Chancery erred in some portions of his analysis, his overall premise still supported his determination that Tesla paid a fair price for SolarCity. They also argued that Slights determined after a 10-day trial in 2021 that Musk meddled in the deal but failed to hold him liable. Shareholders wanted to force Musk to return the Tesla stock he received in the takeover, which at one point was worth $13 billion. The Delaware Supreme Court said that the Slights' ruling was not "pitch perfect" but did not have to be and noted the "total collapse" of the shareholders' theory that SolarCity was insolvent.

Persons: Elon Musk, Musk, Tesla, Randall Baron, Joseph Slights, SolarCity, Slights, Tom Hals, Mark Porter Organizations: Tesla, Delaware Supreme, Shareholders, Thomson Locations: SolarCity, Delaware, Wilmington , Delaware

May 17 (Reuters) - Federal appeals court judges appeared to express support on Wednesday for opponents of the abortion pill mifepristone to pursue their challenge to its U.S. approval, which has potentially far-reaching consequences for abortion access across the country. Circuit Court of Appeals in New Orleans to overturn last month's unprecedented ruling by U.S. District Judge Matthew Kacsmaryk in Amarillo, Texas suspending mifepristone's approval. [1/2] A patient prepares to take Mifepristone, the first medication in a medical abortion, at Alamo Women's Clinic in Carbondale, Illinois, U.S., April 20, 2023. Circuit Judges James Ho and Wilson were appointed by Donald Trump. SAFE AND EFFECTIVEMifepristone remains available for now, following an emergency order from the U.S. Supreme Court putting Kacsmaryk's order on hold during the appeal.

[1/2] A patient prepares to take Mifepristone, the first medication in a medical abortion, at Alamo Women's Clinic in Carbondale, Illinois, U.S., April 20, 2023. REUTERS/Evelyn Hockstein/File PhotoMay 17 (Reuters) - U.S. appeals court judges began hearing arguments on Wednesday in a legal battle over the availability of the abortion pill mifepristone, with potentially far-reaching consequences for abortion access across the United States. Circuit Court of Appeals in New Orleans to overturn last month's unprecedented ruling by U.S. District Judge Matthew Kacsmaryk in Amarillo, Texas suspending mifepristone's approval. Danco Laboratories, which sells the drug under the brand name Mifeprex, is also expected to argue before the court. The emergency room doctors said they were being forced to complete surgical abortions, which was against their conscience, for women who took the pill and failed to complete a medical abortion.

WILMINGTON, Delaware, May 15 (Reuters) - The U.S. Virgin Islands has subpoenaed Tesla Inc (TSLA.O) CEO Elon Musk for documents in its lawsuit accusing JPMorgan Chase & Co (JPM.N) of helping enable sexual abuses by late sex offender Jeffrey Epstein. The Virgin Islands did not provide further explanation for its interest in obtaining documents from Musk. In the subpoena, the Virgin Islands demanded any documents Musk has about Epstein’s involvement in human trafficking and his procurement of girls or women for commercial sex. Additionally, the subpoena sought any communications between the entrepreneur and JPMorgan about Epstein as well as between Musk and Epstein. Musk is the second tech entrepreneur touched by the Virgin Islands litigation.

☆ Elon Musk documents subpoenaed in Jeffrey Epstein lawsuit by U.S. Virgin Islands
▼ + stars: | 2023-05-15 | by ( Tom Hals | Thomson Reuters | Tom Hals Is An Award-Winning Reporter With Years Of Experience Working In Asia | ) www.reuters.com time to read: +3 min

WILMINGTON, Delaware, May 15 (Reuters) - The U.S. Virgin islands subpoenaed Tesla Inc (TSLA.O) CEO Elon Musk in its litigation into the role played by JPMorgan Chase & Co (JPM.N) in the activity of sex offender Jeffrey Epstein, according to a Monday court filing. The Virgin Islands issued a subpoena to Musk on April 28 as part of its investigation, according to the court filing. The filing said Musk, one of the richest people in the world, may have been referred to JPMorgan by Epstein. The U.S. Virgin Islands accuses JPMorgan of missing red flags about Epstein's abuse of women on Little St. James, a private island he owned there. Reporting by Tom Hals in Wilmington, Delaware Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

HOW THE LAWSUITS DIFFERDisney's lawsuit was filed in federal court and alleges that DeSantis violated the company's protections under the U.S. Constitution, including its First Amendment right to free speech. In contrast, the state court lawsuit against Disney focuses on the procedures the old board followed in approving the agreements with Disney. The Florida district is asking the state court to void the Disney agreements. The district could file a motion in federal court to ask Walker to dismiss or pause Disney's federal case while the state court proceeds. Legal doctrines hold that federal judges should refrain from hearing a case where there is a related state court proceeding, particularly when a state court decision could resolve the federal lawsuit.

☆ Florida board picked by DeSantis countersues Disney
▼ + stars: | 2023-05-01 | by ( Dawn Chmielewski | Tom Hals | ) www.reuters.com time to read: +5 min

(Reuters) - A district board appointed by Florida Governor Ron DeSantis to oversee development around Walt Disney Co’s Florida theme parks sued the company on Monday to void “backroom deals” favorable to the entertainment giant. The state court lawsuit escalates tensions between Disney and the Republican governor and likely presidential candidate. It comes in response to a case Disney filed last week in federal district court against DeSantis and members of the Central Florida Tourism Oversight district board. DeSantis who is expected to soon declare his candidacy for U.S. president, has repeatedly attacked “woke Disney” in public remarks. The Central Florida Tourism Oversight District board maintained that Disney rushed through the agreement before the new board assumed oversight of municipal services and development within the 25,000 acres of land in and around Walt Disney World.

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