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DeSantis Wants to Sue Bud Light's Parent Company Over Effects of Boycott He Promoted

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Ron DeSantis has called on the state’s pension fund manager to explore legal action against Bud Light’s parent company.

that Anheuser-Busch had violated its “fiduciary duty” to shareholders when it partnered with Mulvaney. The governor said that the state had over $50 million invested in Anheuser-Busch and that the devaluation had hurt teachers and other pensioners. DeSantis hinted that his inquiry into Anheuser-Busch could lead to a “derivative lawsuit” against the company.

to the Florida Board of Administration, DeSantis called for the body to “immediately initiate a review to examine how AB InBev’s conduct has impacted and continues to impact the value of BA’s AB InBev holdings. It appears to me that AB InBev may have breached legal duties owed to its shareholders, and that a shareholder action may be both appropriate and necessary.

 

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